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S&P correction could happen if GDP or earnings growth slows, says asset manager

In an environment of high valuations, one of two “catalysts” could cause a market correction. That’s according to Brian Arcese, portfolio manager of the Singapore-based Foord Asset Management, who said markets have been “expensive for quite a while” — the S&P 500 is up about 23% in the year to date. It has a price-to-earnings ratio above 27, and some …

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