Stocks rally ‘too good to be true’ warn CIOs
Joanne TranMarkets Reporter
Investment chiefs say the rally in Australia’s sharemarket seems too good to be true with valuations starting to look expensive given the very uncertain economic backdrop.
It comes as brokers have turned more positive, upping their year-end target for the benchmark S&P/ASX 200 Index to at least 8000, despite markets pushing out interest rate cut expectations to early next year.
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