Vanguard Group's Davis Says Selloff Was Inevitable

The video discusses concerns about market complacency and cyclical risks in the US economy, highlighting the impact of wage pressures and the Phillips curve on inflation. It examines market corrections, timing expectations, and the influence of inflation surprises on curve steepness, emphasizing the importance of understanding these dynamics for investors.

What did the speaker imply about the Phillips curve in relation to wage pressures?

What factors did the speaker believe could trigger further upside in equities?