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The market has been tossed a lot of surprises lately -- even a near-black swan (DeepSeek) -- and yet, stocks have shrugged off all the uncertainty.
Investor sentiment remains sky-high.
And concern of the growing list of risk factors appears quite low.
So, is "irrational exuberance" back?
That's what portfolio manager Michael Lebowitz and I discuss in today's video, as well as his current outlook for the bond market, the latest jobs data, the distorting impact single-stock ETFs are having on equity prices, whether the US dollar will strengthen or weaken from here, and Michael's firm's latest trades.
Video Length: 01:40:47
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