NEW YORK--(BUSINESS WIRE)--While speaking at Annexus NYC, an advanced training for financial professionals, Professor Robert Shiller warned of an overheated equities market. “Despite the apparent low volatility in the U.S. stock market recently, it is actually at the present time unusually risky for the longer term,” the Yale University economist revealed during an interview.
“People should be careful about raising their exposure to the stock market at this time,” Professor Shiller added, speaking about his award-winning work creating the cyclically adjusted price-earnings (CAPE®) ratio, a leading market indicator. This ratio of current price and historical earnings is higher today than before the financial crisis.
“This could be a time for advisors to lock in clients’ gains following one of the longest bull markets in history,” said Eric Denham, Executive Vice President of Product Development at Annexus. “Financial professionals should consider new solutions for those nearing or in retirement that offer greater upside potential and eliminate the downside risk future market volatility could bring.”
Annexus NYC connects industry thought leaders like Professor Shiller and Professor Roger Ibbotson, in addition to some of the world’s largest investment banks, and insurance professionals committed to helping their clients grow and protect their retirement savings. Annexus, a Scottsdale, Arizona-based designer of fixed indexed annuities and other index-based wealth management products, organized the event to educate these advisors on how their innovative products can fit into clients’ portfolios.
Annexus designs solutions to help Americans grow and protect their retirement savings. For over a decade, Annexus has developed market-leading fixed indexed annuities and indexed universal life insurance products. In close collaboration with design partner Genesis Financial, Annexus has forged relationships with many of the industry’s leading insurance carriers and the world’s largest investment banks. Find out more about Annexus and our products at www.annexus.com.