2017 Q4: Are we floating in a bubble?
Happy New Year! We enter 2018 after an exceptional year in the global stock markets. The U.S. market delivered a whopping 21% while global developed and emerging markets outdid that, delivering 24% and 37% respectively.1 It’s common to experience that good news with mixed emotion. On the one hand, you celebrate a generous year in portfolio returns. On the other hand, you might be wondering if markets are now getting overpriced and whether you should be cutting back your stock allocation or even getting out altogether. The emerging field of behavioral finance gives us lots of insight into why...
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