Are global stocks set for negative real returns for the next decade?

Today's slide deck:  https://bit.ly/3te94nx   - Today we look at MSCI World equity valuations, which are looking as rich as they ever have and if historic patterns persist, the MSCI world index could be set for very weak and even negative real returns for the next decade. Elsewhere, we break down the upcoming US T-bond auction and US March CPI release, moves in commodities and FX, action in Nvidia and semiconductors and much more. On today's call were Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX. Intro and outro music by AShamaluevMusic.