A highly respected valuation gauge developed by Robert Shiller hit a mark showing that the S&P 500 is now pricier than 96% of all quarters in history.
JPMorgan will also try to knit the unit closer to wealth managers who work in retail branches to encourage cross-selling efforts within the bank.
Billionaire Leon Cooperman Advises Americans to Buy Everything: "Nothing Overvalued" In This Rate Environment
“There’s nothing overvalued in today’s interest rate environment except the bonds,” the Omega family office chairman says.
While wealth creation provides similar returns, an income-focused approach offers better protection against volatility, rate and inflation risk.