Reported about 1 month ago
In a recent discussion, Piper Sandler's chief investment strategist Michael Kantrowitz suggested that fears surrounding high market valuations may be overstated. He identifies potential risks such as rising interest rates, increased inflation, or higher unemployment as possible catalysts for declining valuations but notes that these scenarios seem unlikely as the earnings season approaches. Kantrowitz attributes market gains this year largely to positive earnings forecasts and multiple expansions, advising investors to remain calm unless significant economic deterioration occurs.
Source: YAHOO