Fidelity sector expert: Reports of a stock bubble are exaggerated

Denise Chisholm, a sector strategist for Fidelity Investments who uses historical probability analysis, says that the stock market is not in the middle of a "tail event," nor is it in a bubble. She notes the outperformance of a cap-weighted S&P 500 and one that's weighted equally, and dispels the idea that it's a negative sign.