News Digest:

Listed equities’ valuations “are a long way from means and medians”, Apollo Global chief executive Marc Rowan has warned, urging investors to brace for a further “correction” in both stock and credit markets.

Takeaway:

Rowan’s comments, made at the annual Milken Institute Global Conference held in California earlier this month, came as Bridgewater chief strategist Rebecca Patterson flagged the risk of stagflation amid a growing strain on global trade.

End Notes

Source: https://www.ft.com/content/ebefa5d6-c0a3-4589-8e7a-389d24eed4fe