'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
flashed for the first time since 2007, and trade tensions reached boiling point.
But several months into the rally, Harvey says the opportunity has changed from a chance to buy to a chance to sell because "sentiment is just too darn high." His count of headlines mentioning "recession" based on Bloomberg data is down nearly 70% since August.
Last — and by no means least — is that the Federal Reserve may pause its balance-sheet expansion in the first half of the year and knock the market off its perch.
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