Oliver’s Insights – Share market correction

Oliver’s Insights – Share market correction

share_market_correctionKey points are as follows…

·         Global, and particularly Australian, shares have seen a bit of a pull back over the last month which could have further to go in the short term.

·         However, what we are seeing is likely a correction as opposed to a new bear market. From a fundamental point of view the cycle still looks okay with no sign of the overvaluation, overheating economic conditions, onerous monetary tightening or investor euphoria that normally precedes major bear markets.

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