Reported 12 months ago
After the S&P 500 index surged 44% in the past two years, experts are divided on whether the market will continue its growth or face a significant pullback. Bulls are optimistic due to potential interest rate cuts and earnings growth, while bears warn of overvaluation and sticky inflation. Hedge fund manager Doug Kass, representing the bearish view, points to rising interest rates, low equity risk premium, and top-heavy equity performance as signs that the market may be at risk. He cautions against relying solely on a few tech giants for market returns and emphasizes the historical risks associated with such market divergences.
Source: YAHOO