Juliette Declercq On Why Equities Are Not Overvalued
In this episode, I talk markets with Juliette Declercq. She’s a leading macro strategist and runs JDI research. She has close to 20 years experience, including stints at J.P Morgan, Morgan Stanley and Stone Milliner. We discuss: 1. Why using past crises is not a guide to COVID crisis 2. Why P/E ratios are a poor guide to equity valuation 3. Not putting too much weight on weak employment data 4. Why Euro-area break-up trades aren't attractive 5. Her view on dollar and euro 6. Prospects of inflatio