There are 2 signs that stock market euphoria is mirroring past bubbles and could end badly for investors

• The stock market is going through a "euphoria" episode that will end badly, according to Smead Capital.
• The investment advisor pointed to similarities between the current market and previous bubbles.
• Other commentators have warned of market downside as interest rates stay higher for longer.

The stock market is going through a "euphoria" that could end badly for equity investors, according to investment advisor Smead Capital.