Eley Griffiths Group analyst David Allingham shares his view on the #1 risk facing Australian equities investors
Eley Griffiths Group analyst David Allingham shares his view on the #1 risk facing Australian equities investors. In our view fundamentals for the Australian equity market are sound and the valuation premium to historical averages is broadly justified. Whilst lead indicators for the economy peaked in the March quarter and consumer confidence has fallen significantly in response to the Federal Budget we feel this is transitory. Our largest concern in the 2nd half of Calender Year 2014 is the lead from offshore equity markets, most notably the US which is in its 5th year of rallying and may be vulnerable to a shift in interest rate expectations.
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