World's Worst Stock Market Is Not Cheap Enough to Buy

The stock market has faced numerous challenges this year, including a global sell-off, trade war concerns, and inflation issues, leading to a 17% slump in the benchmark index. Despite the drop, investors remain cautious, waiting for more economic data, particularly on inflation. Valuations are below historical means, but growth prospects are weak, and inflation data is awaited. Investors expect the market to drop further before considering re-entry.

What factors contributed to the stock market slump mentioned in the text?

What is the percentage slump of the benchmark index discussed?

What are investors waiting for before making decisions about the stock market?

What is the expected trading range for the benchmark index according to fund managers?

How do higher oil prices relate to inflation in the context of the stock market?