A growing number of experts is taking a closer look at the current market frenzy, warning that excessive optimism can be just as risky as pessimism. The enthusiasm for stocks has been sparked by Donald Trump’s election, leading to a significant increase in risk assets and benefiting the US economy, but also harming countries that are likely to lose the most from his policies.
Source: https://www.bloomberg.com/opinion/articles/2024-12-18/smart-vs-dumb-money-how-exuberant-about-trump-are-you