Has the dreaded melt-up arrived?
A number of market watchers remain worried that ongoing central bank stimulus and investor risk-taking will send the stock market to unnatural heights as it diverges from underlying fundamentals.
It’s the opposite of a meltdown – and at first glance, it doesn’t look like anything to be worried about. The prospect of rising stocks, after all, is the reason why most of us invest. But melt-ups have a downside: They tend to end in nasty crashes.