Why U.S. Markets Can Expect a Further 5-10% Correction

The video discusses the current state of global markets, focusing on market cap losses, particularly in emerging markets, and the valuation of the US market. It anticipates a 5-10% correction, driven by non-US markets, while US earnings remain robust. The Fed's role in interest rates is examined, with a high bar for changes despite potential market downturns. The credit market remains stable, supporting economic growth for the next 12-24 months. A significant market meltdown is deemed unlikely, and the Fed is expected to maintain its current pace.

What does the speaker suggest about the strength of the credit market?

In what timeframe does the speaker expect the US market to remain strong?