For as long as there have been financial markets, there have been warnings of market bubbles and looming corrections. While this time is no different, it still poses a thorny dilemma for financial advisors charged with helping clients navigate whatever the next market cycle brings without doing too much damage to their savings and investments.

Four years in, a bull market for US equities that followed the 2022 correction has started to attract some gloomy forecasts, largely because it’s underpinned by an artificial intelligence wave that could easily be described as overvalued under multiple measures.

Recent remarks by billionaire Bridgewater Associates founder Ray Dalio warn of a potential liquidity crisis for investors and…