Jim Paulsen Warns S&P 500 Traders Miss Risks After $9 Trillion Rally
Updated
Updated · Bloomberg · Jun 15
Jim Paulsen Warns S&P 500 Traders Miss Risks After $9 Trillion Rally
1 articles · Updated · Bloomberg · Jun 15
Summary
$9 trillion in S&P 500 market value added since late March may have left traders too complacent, Jim Paulsen said, warning that policy risks are being underpriced.
Paulsen’s model shows months of elevated crude prices and bond-market volatility are set to slow economic momentum, undermining the risk-on backdrop that has supported stocks.
Wall Street’s upbeat economic expectations have generally underestimated reality lately, he said, and that cushion for further gains may now be fading.