Selloff a Natural Market Reaction to Virus, Commerzbank’s Dixon Says

The video discusses the current state of the bond and equity markets, focusing on the record low yields in the bond market and the equity market's delayed reaction to these changes. It highlights the impact of the coronavirus on market trends and the potential for different recovery shapes, such as V-shaped or elongated. The discussion also touches on the overvaluation of markets and the shift of investments from equities to fixed income.

What is the speaker's perspective on the equity market's valuation prior to the coronavirus impact?

What does the speaker suggest about the potential recovery shape in the market?