Recently I shared my assessment of the relative price on equities, a rallying market, and the affect Fed tightening has on fundamentals:
"Tightening of the Fed will tighten corporate credit spreads, taking liquidity from the market, unless we have something next year that significantly kicks Australian earnings."
I discussed this in my latest presentation to the network:
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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