Please click on the link below to view Shae Oliver's views on the recent falls in share markets.
The key points raised are :
- Share markets remain under pressure from high inflation, rising interest rates and bond yields, the war in Ukraine and Chinese Covid lockdowns.
- Despite the bounce over the last few days, it's still too early to say markets have bottomed.
- However, it's not all negative: we may have seen peak inflation in the US, share market earnings are still rising, Covid cases in China appear to be slowing and yield curves are still not pointing to recession
- Australian shares also remain vulnerable in the short-term but are likely to be medium term outperformers, reflecting high commodity prices and low tech exposure.