JPMorgan's Macklow-Smith Says Selloff Could Be an Opportunity

The video discusses the market's uncertain direction in early 2018, marked by significant equity drops. It highlights market complacency, evidenced by low VIX and put-call ratios, and questions whether fundamentals have shifted. Despite initial concerns, synchronized global growth and strong corporate earnings suggest a favorable outlook. The video also examines changes in interest rates and inflation, noting that inflation fears may be overstated if productivity rises. Overall, the video suggests a cautious approach, focusing on fundamentals and potential opportunities.

What is the significance of the phrase 'buy the dip' in the context of the market?

What are the implications of inflation on the market as discussed in the text?