Global equity market valuation warning

Today's slide deck: https://bit.ly/3mQfjur   - 

Today we look at how global equity markets are priced for perfection, suggesting that any slip-up in the optimistic narrative could lead to considerable new volatility. Also, a look at China's currency trading at new highs overnight, thoughts on sterling post-Brexit, grains, commodity traders' positioning, AirBnB and DoorDash IPO's and more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.