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.