Australian share market at an all time high

 

The Australian share market is at an all time high, but is it sustainable?

Read Shane Oliver's view here

Key points raised are:

  • Bonds and shares often diverge, we saw this a year ago with shares rallying but bonds yields staying low
  • Shares have been boosted by strong earnings news, improved valuations, investor awareness of last years' experience of a post lockdown bounce back, vaccines providing optimism and pressure for more stimulus and merger and acquisition activity.
  • While shares remain vulnerable to a correction, the trend is likely to remain up.