Momentum driven markets with Fed-induced multiple expansion at extremely elevated valuations are dangerous for investors even when momentum is strong, because confusing momentum with fundamental strength leads to classic investment errors of buying near the top; position sizing is critical to manage risk.
normativepending
Speaker
John LoderingEvidence Quote
“but when we're at valuations and extremities and narrowness like we've seen now um our our feeling is is that that's that's a pretty large wage should be making for you know money that people our clients don't get a do-over [46:31]”
Created: 8/12/2026, 6:42:20 PM
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