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| US markets looking 'overstretched' and could trigger a sharp reversal, ECB vice president says The vice-president of the European Central Bank (ECB) warned Wednesday that current high valuations in U.S. equities could spark a possible correction in global stock markets. Speaking to CNBC, Vitor Constancio said: "Certainly the cyclically-adjusted price (to) earnings ratio in the U.S. is well-above ...
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