SocGen's Edwards: US equities could bring down the 'pyramid of piffle'

Anna Fedorova
clock

US equity valuations are not consistent with low inflation expectations and any negative data could quickly cause another steep sell-off, according to Societe Generale's Albert Edwards.

The infamously bearish strategist said most risk assets, especially equities and corporate bonds, are still expensive, and contrasted the nascent global recovery with persistently low inflation levels....

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