One week after PIMCO’s chief investment officer of global credit, Mark Kiesel, told Bloomberg that now is the time to start selling risk as “the market has priced in a lot of good news right now” and with all major asset classes overbought, the Pimco CIO “would be tilting the portfolio towards high quality Treasuries, agencies, investment-grade corporate bonds, owning less high-yield and owning less levered companies” adding that “this has been a situation where the rising tide has lifted all boats”, another financial icon has echoed this call. In its latest Global Perspectives note, private equity giant KKR, has issued a similar warning on publicly traded stocks: It’s time to sell the rally. Read More.