Stocks are doing so well that it may be time to start worrying

“The market is giving us a clear signal that bullish momentum has been building," says Luca Paolini, chief strategist at Pictet Asset Management. (Image: Getty)

Bloomberg

Tue, 01 Aug 2023

By Elena Popina and Jessica Menton US stock market traders are almost completely fearless now, which has some strategists bracing for a possible selloff. The S&P 500 Index has gained 19% this year, pushing investors off the sidelines and into the market. Traders’ stock exposure is historically high, in the top 28% of all time, according to Deutsche Bank’s analysis of rules-based and discretionary strategies going back to 2010. Few, however, seem worried enough to hedge. Buying protection against dips in th...

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