Is the US market over heated? Are we heading to the next financial crisis in 2020? - Gary Dugan

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1. Is the US market over heated? Are we heading to the next financial crisis in 2020?

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1. Is the US market over heated? Are we heading to the next financial crisis in 2020?

I think we fundamentally believe the US equity market to be overheated. It's just [a question of] what's going to pop this bubble. I think it would come with a policy mistake. So for certain, if the Fed were to increase interest rates at a pace greater than the pace of the US economy's growth, there we could see quite a significant setback in US equities, as particularly domestic investors probably run for the exits.

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