In this episode, we discuss how there has been a lot of talk about this year’s narrow equity market rally. What is less discussed is how the narrow rally has left many other areas of the financial markets extremely attractive. We are finding interesting investment opportunities almost everywhere we look across the equity landscape.

These kinds of performance chasing and speculative environments occur occasionally, and while the timing of these runs may differ, the result has always been the same.

History and experience teach us that paying up to invest in areas that have already had a strong run, especially those that are trading at speculative levels, can be harmful to long-term financial goals.