Aberdeen's Hickmore Says a Correction Is a Good Thing When You're Overvalued

The transcript discusses market valuation, highlighting a correction in the S&P 500 and the comfort of current PE ratios. It explores stability in equity and credit markets, noting potential threats from inflation and central bank actions. The conversation shifts to inflation and wage trends, particularly in the US and Germany, and the potential for wage bargaining. Finally, it examines European market capacity, with a focus on Spain and Italy, and the potential for inflation surprises.

What are the implications of a correction in an overvalued market?

How does the current credit stability affect equity investors?

What factors could threaten credit stability in the near future?

What signs indicate that inflation might be picking up?

How might wage inflation in major cities impact the overall economy?