Rising US interest rates, trade wars, the US midterm election results, etc - should investors be worried?

Shane Oliver, Head of Investment Strategy and Chief Economist.

The following note takes a look at the current worry list for global investors.

The key points are as follows:

  • It’s still too early to be sure that the pullback in shares seen last month is over but we remain of the view that it was not the start of a deep bear market and that the trend in shares remains up.

  • Worries around US interest rates, trade wars, European politics etc are unlikely to be terminal.

  • The US midterm election turned out pretty much as polls indicated. Since 1946 US shares have rallied in the 12 months after all midterm elections.

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