The key points are:
This year has started off rather messy with geopolitical threats and worries around AI disruption and valuations.
We are mildly upbeat on shares for the year but see a 15% or so correction as likely along the way.
Nine key charts worth watching are: business conditions PMIs; US tariffs; inflation; inflation expectations; profit growth; share market valuations; the rotation trade from tech to non-tech shares; the $US; and geopolitical risk. At present they are sending mixed signals.