Autumnal woe: A 'mean reversion' on cards?

Warnings from Wall Street about market getting "toppy" are piling up; excess returns may be over for good

Published Sun, Sep 30, 2018 · 09:50 PM

    SOMETHING'S got to give. That's the feeling on the US stock market recently as the late-summer rally turns into an early-autumn wobble.

    US stocks fell slightly last week as investors adjusted to the Federal Reserve's plans for steady interest rate hikes.

    The central bank said its rate-hike plans are justified by strong economic growth and gradual inflation, even as it warned that a trade war between the US and China could spoil this economic utopia.