By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 29 2015
Key points
- Uncertainties regarding China, commodity prices, emerging countries and the Fed could see the correction in shares go further in the short term. A disappointing start to the Australian profit reporting season is also not helping Australian shares.
- However, this looks more like a correction than a new bear market as we have not seen the sort of over valuation, investor euphoria and monetary tightening that normally precede major share market tops.