'Exercise extraordinary caution' on overpriced US equities: Analyst

Financial markets have "run ahead of themselves" and investors should focus on the negative shocks from the COVID-19 pandemic and the scale of economic dislocation, says Jonathan Pain, author of The Pain Report. He is especially cautious on U.S. equities, which he warns are too optimistic about a v-shaped recovery.
Wed, May 13 20205:02 AM EDT