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'Everywhere you look there are red flags': A CIO overseeing $270 billion says the coronavirus is just one example of an event that could 'prick the bubble' in an out-of-control market

2 days ago   |   By Business Insider

Scott Minerd, global chief investment officer at $270 billion Guggenheim Investments, thinks market participants are underestimating the impact the coronavirus will have on global growth due to misrepresented calculations.
He points to tight credit spreads, low yields, and assets that are "priced to perfection" to further his thesis.
Minerd says "this will eventually end badly" and that he's never "seen anything as crazy as what's going on right now."
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