Markets are on their best behaviour as the bulls take charge
The Fed is cutting interest rates and China’s policymakers are pumping its economy with money. Is there anything standing in the way of global sharemarkets?
There was good reason for investors to front up to the third quarter with an element of trepidation.
Sharemarkets had run hard delivering windfall gains, triggered by the prospect of monetary easing. But that run prompted talk that markets had become overvalued, over-concentrated and overly complacent.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
