Oh, absolutely. You won't catch me trying to time the markets.
It's hard to imagine a much lower inflation environment is coming, but of course we've had low wage inflation compared to asset inflation for a while. This could be an asset bubble driven by low interest rates, or partly by diverting wage growth into asset appreciation, or there could be other factors.
How the gig economy lawsuits and regulatory activity, possible productivity effects, government stimuli and let's - optimistically - call it "creative destruction" in the wider economy all work out is totally unpredictable. At least I'm not going to try predicting it.
Even if some of the current, low rate of inflation just moved back into wages where it arguably belonged, it's not clear what that means for monetary policy. People seem much happier to interpret rising share prices as economic success, and rising wages as overheating.