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Davis: Still Guarded on Stocks

The market correction has taken some of the froth out of equity markets, but it hasn’t left stocks looking cheap, says Vanguard’s Joe Davis.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm joined today by Joe Davis, Vanguard's global chief economist. We're going to look at some of the market turmoil and his take on it.

Joe, thanks so much for joining us.