PressBee - Russia Today :
The “everything rally” that has engulfed Wall Street is a classic asset bubble just waiting to burst sometime in 2020, CEO of AdvisorShares Noah Hamman told Yahoo Finance.
“It will continue on for a while for as long as we see we have an indication that we could have lower rates ahead, though possibly with a pause, but with an increasing Fed balance sheet,” he said.
The “everything rally” refers to assets of all kinds that have been in major rally mode. Hype has risen among investors, thanks to the US Federal Reserve’s rate cuts throughout 2019 and the signing of a phase one trade deal between the US and China.
Huge stock market bubble forming with an inevitable 60% plunge, strategist warns