Guggenheim’s Minerd Says Expect a Retracement on S&P 500

The video discusses the current market recovery and potential for future lows, emphasizing that the market is propped up by liquidity rather than intrinsic value. It compares current trends to historical market crashes, suggesting a retracement is expected. The speaker advises investors to consider rebalancing their portfolios as current equity increases may not be sustainable.

What does the speaker suggest about investors who recently rebalanced their portfolios?

What is the speaker's outlook on the sustainability of the recent equity increase?