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Mohamed El-Erian just hit on a huge contradiction in the market

While the stock market is hitting record highs, the bond markets are raising concerns, Mohamed El Erian said at the Milken Institute Global Conference .

LOS ANGELES – Allianz's Mohamed El-Erian just flagged a big contradiction in financial markets.

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While the stock market is hitting record highs, the bond markets are raising concerns, El-Erian said Monday at the Milken Institute Global Conference held at the Beverly Hilton.

"The optimism is off the charts according to the stock market but the geopolitics are a real concern," he added. "So I think part of the puzzle is how can we have all these contradictions together and how does optimism prevail over these other signals?"

El-Erian, the chief economic adviser at giant asset management Allianz, isn't the only person to flag the contrasting signals from the stock market and the bond market.

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Here's what else El Erian said:

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