This 30-year market veteran is alarmed by a record-chasing S&P 500. Here’s where he’s investing instead.

Reported by MarketWatch · Published 15 Oct 2026, 7:41 PM MYT (1 hr ago)

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Steven Jon Kaplan sees a completely irrational stock market right now, and investors ignoring a perfectly safe way to play that.

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This 30-year market veteran is alarmed by a record-chasing S&P 500. Here’s where he’s investing instead.

Summary

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