This 30-year market veteran is alarmed by a record-chasing S&P 500. Here’s where he’s investing instead.

Steven Jon Kaplan, a seasoned 30-year market veteran, is increasingly concerned about the S&P 500's record-chasing behavior, warning that it's driven by irrational exuberance rather than sound fundamentals. He's urging investors to look elsewhere for safer investment opportunities instead of chasing high-flying stocks. Kaplan's insights matter because they highlight the potential risks of ignoring more stable, yet lucrative, investment avenues during periods of market over-enthusiasm. His advice suggests that a more diversified approach could better safeguard against the volatility and potential pitfalls of a market that's losing its rational edge.