Nowhere to Go but Down for Dog Days of August Markets?

The transcript discusses historical market trends, highlighting significant events like the US credit issue in 2011 and the Chinese devaluation. It explores factors contributing to market volatility, such as summer trading patterns and investor caution. Concerns about market valuations are raised, with references to economic indicators and the impact of Brexit. Potential headwinds, including interest rate expectations and structural supports like buybacks and M&A, are also examined.

What role do interest rates play in market expectations as discussed?

What observations were made regarding stock valuations?