Back in February, with the S&P 500 breaching 7,000 for the first time, Owen Lamont was one of the few economists willing to say it plainly: We are not in a bubble. Four months later, he’s sounding the alarm.
“The chamber of dispersion has been opened,” Lamont, a senior VP and portfolio manager at Acadian Asset Management and former finance professor at the University of Chicago, Harvard, Yale, and Princeton, wrote in his Owenomics blog this week—ahead of the massive SpaceX IPO. “The beast of volatility has awakened, and the season of chaos is at hand.”
