Mohamed El-Erian says does not expect stocks to revisit the lows of March 2020
Mohamed El-Erian speaking on the Reuters global markets forum:
- I do not expect US stocks to revisit the March lows"
- suspect next big correction will likely be triggered by corporate defaults, other capital impairment events that central banks cannot shield against
- unlikely the Fed will take policy rates negative; Fed to stay near zero for "a long time"