Portfolio manager says the anticipation of a correction might be what is keeping it from happening

Business Insider executive editor Sara Silverstein chats with Sarah Hunt, a portfolio manager at $4 billion firm Alpine Funds, about whether stocks are overvalued, and says that the anticipation of a correction makes it less likely to happen.

She notes that while the Fed is unwinding its balance sheet, other central banks around the world are still expanding theirs, which should help equity markets continue to perform. Hunt envisions stocks being the default place where investors put their money. Silverstein also asks Hunt about the potential effects of tax reform, and says sentiment has changed, so now policy progress will be treated as a positive catalyst. She says that lower corporate tax rates will be better for earnings and cash flow.