The Bull Market’s Balancing Act: Why Today’s Rational Fear Is Also a Buying Opportunity

Expensive markets near all-time highs are facing real risks—but long-term investors should be managing volatility, not fleeing from it

The market today is a paradox that makes even seasoned portfolio managers uneasy. Equity markets are near all-time highs, boosted by artificial intelligence euphoria and ample liquidity, yet the macro backdrop grows increasingly fragile. Bond yields are climbing, fiscal deficits strain government balance sheets, and geopolitical flashpoints are lighting…