Market Direction and Stock Trends

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:::: The CIO of a $114 billion investment firm sees 'stormy weather' ahead for stocks ::::
By Joe Ciolli | May 27, 2017

Many things have tried to derail the eight-year-old equity bull market. They've all failed.

The surprise devaluation of the Chinese yuan, Brexit, the shocking US presidential election — they all gave it their best shot, but were ultimately stymied by optimistic investors who saw an opportunity to add to positions at discount prices.

So what will finally be able to put an end to what's now the second-longest bull market in history?

Brad McMillan, chief investment officer of Commonwealth Financial Network in Waltham, Massachusetts, which oversees $114 billion, has some ideas. While still positive about stocks in the short-term, he sees a reckoning on the horizon that will strike within the next two years.

In an interview with Business Insider, McMillan spoke about his bear market call, valuations, investor complacency and President Donald Trump's lessening impact.

This interview has been edited for clarity and length.

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