Janus Henderson's Michael Contopoulos Warns Market Nearing Cycle Peak

Michael Contopoulos, head of multi-asset macro investing at Janus Henderson Investors, stated that the market is approaching its cycle peak, though the exact timing remains uncertain. While citing a healthy economy and strong corporate earnings, he is monitoring indicators such as margin compression, credit spreads, and yield curve inversion. Contopoulos noted that global rate hikes are keeping US Treasury yields elevated, though some other strategists remain bullish on year-end prospects.