ProShares' Hyman says 'rational exuberance' will keep driving the market

Money Life with Chuck Jaffe

Simeon Hyman, global investment strategist at ProShares, sees "rational exuberance" on today's market, noting that the stock market is a little bit expensive but not dramatically above long-term normal forward earnings numbers, and he notes that expectations are reasonable, a little high but reasonable. Further, he suggests that all-time low levels of leverage and little debt on the books of the Standard & Poor's 500 is "a significant risk offset" to the current worries that make investors nervous. Author Michael Sincere — who writes the Long-Term Trader column at MarketWatch — discusses his new book, “Help Your Child Build Wealth: A Parents' Guide to Teaching Children to be Successful Investors,” and then sticks around to discuss technical analysis and how he sees the market moving on from the election and through the change of administrations into 2025.