Please click the link below to view Shane Oliver's thoughts on whether the new records highs on the Australian share market are sustainable.

Key points raised are :

• With Australian shares reaching a new record high we have revised up slightly our expectations for the ASX 200 this year reflecting prospects for lower interest rates globally and eventually in Australia boosting the growth outlook next year
• But given risks around valuations, near term growth and geopolitics we anticiapte a volatile and more constrained outlook with a high risk of a correction in the August to September period, particularly if investors factor in the more negative economic implications of a Trump victory.