Valuation Adjustments Have Been Modest: Macro Man Podcast

Valuation adjustments in equity markets this month have been modest, according to Bloomberg's Cameron Crise on the Macro Man podcast. He characterizes recent moves as driven by random, headline-driven 'roulette' rather than large fundamental reratings. Expect continued short-term headline volatility with limited evidence of a broad, persistent re-pricing of equities.

Analysis

Valuation adjustments in equity markets this month have been modest, according to Bloomberg's Cameron Crise on the Macro Man podcast. He characterizes recent moves as driven by random, headline-driven 'roulette' rather than large fundamental reratings. Expect continued short-term headline volatility with limited evidence of a broad, persistent re-pricing of equities.