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‘Sentiment is too darn high’: A Wall Street equity chief crying foul on the stock market’s melt-up lays out the evidence that a plunge is on the horizon

traders

  • The recession frenzy that consumed investors this summer has given way to talk of a melt-up in the stock market.
  • Chris Harvey, the head of equity strategy at Wells Fargo, sees various reasons why investors could instead be greeted by a 10% correction in the first half of the year.
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It was not that long ago that Wall Street was consumed by recession talk.

The dour atmosphere prevailed for good reason: a reliable recession indicator in the form of the yield curve flashed for the first time since 2007, and read more >>>

Source:: BusinessInsider.Com