Australian Ethical updates its MACROECONOMIC ASSESSMENT. The disconnect between profit growth and valuations has become untenable which has resulted in the International Equities Trust moving to a defensive posture. The global economy remains in muted growth but focus should be on geopolitics and stock market valuations. The US recovery continues but Europe and Japan are showing sudden weakness in recent economic data we track. (VIEW LINK)


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James Marlay

Good read Nathan and some interesting charts