Please click the link below to view Shane Oliver's views on the current state of investment markets, particularly the recent volatility in the US.

Key points raised are:

• The US share market is long overdue a decent correction.  This now appears to be unfolding and may have further to go as higher inflation, a slightly more aggressive US Fed and higher bond yields are factored in.
• This will impact most share markets including Australian shares.
• However, in the absence of an aggressive 1994 style back-up in bond yields or a US recession - neither of which we expect - the pull back in shares should be limited in depth and duration to a correction and shares should have positive returns this year as a whole.
• It's likely to be a more volatile year than last year.