Complacency Is Rising In This Monster Rally

By Michael Msika and Jan-Patrick Barnert, Bloomberg markets live reporters and strategists

Investors are chasing the “everything rally” into the year-end, whether or not their convictions are actually bullish.

The mood out there is firmly on the positive side now that major risk events, especially the US election, have passed. Stocks took a breather on Tuesday after a week of almost indiscriminate buying, especially in the US, which has fed through to Europe as well. The question is: are investors too complacent now?