The sharp stock-market selloff of recent days is confronting investors with a quandary long avoided during the 10-year-old bull market: Riskier assets suddenly look very risky. Gains in U.S. stocks have made them historically expensive relative to global equities. Economic growth remains solid, but some analysts and investors said the escalation of trade tensions underscores the fragility of this year’s rally, which was spurred by hopes the U.S. could avoid a slowdown hitting other parts of the world.

Source: Wall Street Journal May 14, 2019 09:22 UTC