Why U.S. Markets Can Expect a Further 5-10% Correction

The video discusses the current state of global markets, focusing on market cap losses, particularly in emerging markets, and the valuation of the US market. It anticipates a 5-10% correction, driven by non-US markets, while US earnings remain robust. The Fed's role in interest rates is examined, with a high bar for changes despite potential market downturns. The credit market remains stable, supporting economic growth for the next 12-24 months. A significant market meltdown is deemed unlikely, and the Fed is expected to maintain its current pace.

What does the speaker suggest about the strength of the credit market?

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In what timeframe does the speaker expect the US market to remain strong?

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