(Bloomberg) — U.S. stocks face a greater-than-usual risk of a sell-off next year, with investors overconfident in an economic resurgence, according to Vanguard Group Inc.’s investment-strategy chief.“Financial markets run the risk of getting ahead of themselves,” Joseph Davis, who also serves as Vanguard’s chief economist, said in an interview Friday. He sees 50% odds on a correction in 2020, against what he terms a more typical figure of about 30%.A correction is often defined as a 10% drop, and the S&P 500 Index hasn’t seen one since December 2018, when it came a hair’s breadth from entering a bear market …read more
Source:: Yahoo Finance
