Polarising politics leads to market uncertainty (The Aust 30/10/18)
Despite GDP growth at the end of the second quarter exceeding expectations at 4.2% and company earnings clearly very strong and exceeding expectations, fund managers are surprisingly cautious.
Australia’s markets are greatly driven by US markets. Because of unknowns around uncertainties we expect short-term volatility to continue for the remainder of October both here and in the US. Yet by mid-November a clear path ahead will be evident into 2019.