Tim Schroders from Pengana says that bank valuations are over-inflated and we should keep our expectations for the remainder of the year in check

Tom McKay

Tim Schroders from Pengana says that bank valuations are over-inflated and we should keep our expectations for the remainder of the year in check. Valuations in some sectors like banks have become stretched and there is some concern about the pace of economic growth after the OECD report. Everyone is expecting a year-end rally, but it seems a stretch of imagination at the moment to think we are just going upwards from here.


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