Podcast: The S&P500 and the ASX200

About the author:

Michael Knox
Author name:
By Michael Knox
Job title:
Chief Economist and Director of Strategy
Date posted:
13 August 2018, 11:48 AM

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.

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