Deutsche Bank's Chadha Says 3%-5% Pullback Is 'Overdue'

The video discusses the current state of the equity market, highlighting the concept of a 'wobble' due to an overdue 3-5% pullback. It explains that such pullbacks are normal and occur every two to three months. The rise in investor positioning, especially among discretionary investors, is noted as a factor in the market's current state. The video also addresses the SPX outlook, emphasizing the importance of a market correction to return to normality after significant repricing. Future market projections and a soft landing target are also discussed.

What factors contribute to the current positioning in the equity market?

What is the significance of a return to normality after a big repricing in the market?