This edition of Oliver’s Insights looks at where we are in the investment cycle. 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.
For the full article: Investment cycle – OI #13 2015