Business
Two-speed sharemarket hurtles into earnings season – The Australian Financial Review
The unprecedented mix of ultra-low interest rates, fiscal stimulus and COVID-19 are starting to exaggerate the divergent performance of sharemarket sectors.
“That’s the bottom line with growth stocks. I can promise you growth and earnings in near infinity. And you wouldn’t care, you wouldn’t bat an eye lid,” said Credit Suisse’s Damien Boey. “Because the dollar tomorrow in a low interest-rate environment is worth almost as much as the dollar today.”
Mr Boey said there is more to the banks’ lacklustre performance than the coronavirus. He speculated that quantitative easing is also posing a challenge to the big four in the same way that QE offshore h…
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