News Digest: Apollo warns of further ‘correction’ in equities and credit valuations

May 10, 2022

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.



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.



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