In what may be a surprising twist at the end of a strong year in the market, Boston Consulting Group found that fully 46% of investors were pessimistic about equity markets for the next year. The reading is up from 32% a year ago, and just 19% in 2015. As global equity benchmarks have rallied, more investors also see the market as too expensive. Fully 68% of respondents said the equity market is “overvalued,” more than double the 29% of respondents who thought as much last year. And nearly 80% of investors describing themselves as

Looking Pricey
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December 18, 2017