This article is written by Michael Schoonover, COO and portfolio manager at Catalyst Funds.
The S&P 500 had a tremendous run the last decade, closely resembling the path of U.S. equities in the 1990s. Compared to other major asset classes, equities thrived, overcoming significant risk factors to continue its rally. But don't expect the 2020s to be as lucrative for this asset class.
Billionaire Carl Icahn is just one of many prominent investors that have suggested a larger bubble may be forming due to the rise of passive investing. Icahn called passive investing a bubble