Fisher Investments’ Michael Hanson on equity market euphoria

<p>Michael Hanson, Senior Vice President of Research, Fisher Investments | Michael discusses equity market euphoria. He explains what equity market euphoria is, how long periods of euphoria last historically, how to identify it and what to do about it from a portfolio management perspective in the context of today’s equity markets.</p><p>Listen to the full interview where we ask Michael:</p><p>- What is market euphoria and how do you identify it in listed equities?</p><p>- Historically, how long do periods of euphoria last in equity markets?</p><p>- How robust are the usual sentiment measures like pricing in identifying equity market euphoria?</p><p>- Once signs of equity market euphoria are identified, what are the critical considerations for investors from a portfolio management perspective?</p><p>- What is your assessment of investor sentiment today and are you seeing indications of equity market euphoria</p><p><br></p><p>Disclaimer</p><p>The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.</p><p>International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.</p><p>All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.</p><p>Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.</p><p>All content featured in this recording i