Stocks Are Cheap Right Now Relative to Inflation: Canaccord's Dwyer

The video discusses recent market movements, highlighting a breakout despite a rise in bond yields. It examines stock valuations in relation to inflation and interest rates, suggesting stocks are cheap unless a recession occurs. The likelihood of a recession is considered low due to stable credit markets, despite falling Treasury yields. The video emphasizes the importance of differentiating between Treasury and corporate bond markets when assessing economic signals.

What does the speaker imply about the current state of the credit market?

How do Treasurys and corporates differ in their market behavior according to the speaker?