In this Oliver’s Insights video Shane Oliver discusses the driving forces behind the recent share market fall and what investors need to consider.
The key points are as follows:
• While corrections are inevitable, we still appear to be a long way from the peak in the investment cycle for shares.
• Shares are not unambiguously overvalued and on some measures are still cheap, uneven and below trend global and Australian growth is extending the economic recovery cycle, monetary conditions look set to remain easy and investors are far from euphoric.