The correction in share markets
Dr Shane Oliver, Head of Investment Strategy at AMP Capital gives his view on the recent share market correction. ‘While there is a high risk of a further correction in share markets in the next month or so, from a broad brush perspective we are not seeing the signs normally seen at major cyclical peaks in shares and so the cyclical bull market in shares looks like it has further to go. China and the Fed are probably the key risks worth keeping an eye on. There will be cyclical bounces in commodity prices and emerging market shares the time to blindly overweight them was last decade and until supply imbalances in the case of commodities and structural problems in parts of the emerging world are resolved it makes sense to be selective and cautious when investing in them.’ To read more from Oliver including his ‘short term worry list’ and analysis of what is driving this correction click the (VIEW LINK)
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