LOS ANGELES – Allianz's Mohamed El-Erian just flagged a big contradiction in financial markets.
Mohamed El-Erian just hit on a huge contradiction in the market
While the stock market is hitting record highs, the bond markets are raising concerns, Mohamed El Erian said at the Milken Institute Global Conference .
While the stock market is hitting record highs, the bond markets are raising concerns, El-Erian said Monday at the Milken Institute Global Conference held at the Beverly Hilton.
"The optimism is off the charts according to the stock market but the geopolitics are a real concern," he added. "So I think part of the puzzle is how can we have all these contradictions together and how does optimism prevail over these other signals?"
El-Erian, the chief economic adviser at giant asset management Allianz, isn't the only person to flag the contrasting signals from the stock market and the bond market.
Here's what else El Erian said: