Please click the link below to view Shane Oliver's views on whether shares have bottomed.
Key points raised are :
- Given recession and geopolitical risks, the ride for shares may still remain choppy and new lows can't be ruled out
- But the increasing evidence of a peak in US inflation, central banks slowing their rate hikes, China moving to do more to support its economy, along with positive seasonals and track record of US shares rallying after mid term elections indicate we may have seen the low in share markets and add to our confidence the next 12 months will be positive for shares
- The same will likely apply for the Australian dollar.