Get ready for a stock market correction, says the Bank of England

The stock market has been chugging along nicely in 2024. The FTSE 100 has risen 6.2% since the turn of the year, while the S&P 500 has surged nearly 15%. European shares have also been doing well. However, in its latest update on financial stability on 27 June, the Bank of England (BoE) warned that investors might be getting a bit complacent. The prices of many assets such as shares and bonds remain high relative to historical norms, and some …