Business
‘Unbelievable valuations’: Future Fund’s Costello warns of tech sector correction – Sydney Morning Herald
Future Fund chairman Peter Costello has warned the surge in technology stocks cannot be sustained over the long-term and will ultimately suffer a correction.
The former Coalition treasurer, highlighted the role of ultra-low interest rates and an enormous wave of government spending in supporting economies, saying technology stocks in particular had been pumped up by cheap money. He pointed to the surge in the tech-heavy NASDAQ index in the United States, and predicted a correction at some point.
So youre getting unbelievable valuations on companies that dont make profits. Youve just got to ask yourself: is that sustainable in the long term? said Mr Costello,…
-
Business18 hours agoMacquarie tips 14% upside for this ASX tech stock
-
Noosa News14 hours agoWilliam Robinson dies aged 89
-
Business16 hours agoTop brokers name 3 ASX shares to buy today 27 August 2025
-
Business18 hours agoThis ASX 200 media stock is storming 7% higher to 52-week highs. Here’s why.