21 June 2019
Weekly Insights From The FNArena News Desk 18/06/19
A pull back in most equity markets around the globe in May, while Australian equities continued to march onwards and upwards, have turned the Australian share market into one of the best performers all around in 2019.
But strategists and analysts are not so confident the local market can hold its own simply on the promise of more RBA rate cuts and, on the back of this, a potential recovery in domestic housing. Is the Australian share market now too expensive?
Let’s find out whether my personal market indicator can shine any light on the issue.
Traditionally, I focus on share prices of the Big Four banks, and more specifically on the gap between these four share prices and FNArena’s consensus price targets, to gauge the status for local sentiment in the share market.
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