Andrew Ferris warns S&P 500 rally is ‘superbly overvalued’

Andrew Ferris of Ecognosis Advisory suggests that inflation is rising. He believes the Federal Reserve will not cut interest rates in September. He finds the S&P 500 overvalued. Ferris highlights that Indian, South Korean, and Taiwanese markets are performing well. He also notes the strength of defence stocks due to ongoing global conflicts.

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