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Blog

Podcast: The S&P500 and the ASX200

Michael Knox

We look at both markets and find that the US market is moderately overvalued and the Australian market is only slightly overvalued. Both can continue at this level for some time:

The US market is different than ours. A much higher proportion of total return is from the level of stocks rising with earnings, and a much lower proportion is its response to interest rates because dividend yields are much lower in the US.

I discussed this in my latest presentation to the Morgans network:

Listen to the podcast:

More information

View more of my analysis by clicking on 'economic strategy' in the popular topics list to the right of this page, or listen to my full playlist of podcasts on SoundCloud. Alternatively, contact your Morgans adviser or nearest Morgans branch.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents ("Morgans") do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.