956 days ago • Posted by Jasper Lawler
Deutsche Bank predicts ‘Hard’ equity valuation correction
“Valuation corrections don’t always require market pullbacks, but they do constrain returns,” the strategists wrote. “With the current cycle advancing very quickly, the risk that the correction is hard is growing.”
“Higher valuations lower returns longer term,” the Deutsche team wrote. “We believe the market has pulled forward much of the returns of this recovery.”
Source: BloombergQuint
