Business
Warning: We’ve hit the bottom of a 40-year cycle, says expert – The Motley Fool Australia
Share markets face a ‘near-term correction’, warns AMP Capital’s Shane Oliver. But rainbows might await those who ride it out.
A prominent economist has warned investors Australia has hit the end of a 40-year trend.
According to AMP Capital chief economist Dr Shane Oliver, current stock investor fears will be justified in the coming months as inflation rises up.
“Shares are at risk of a further near-term correction,” he said in a memo to AMP Ltd (ASX: AMP) clients.
“In the next few months, a further rise in inflation will likely push bond yields higher which may further threaten shares (particularly tech stocks which are…
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