Australian IT, healthcare stocks look expensive by world standards – The Australian 29/09/20

How should investors be looking at markets at the moment in the light of the upswing in indexes in Australia and globally?

With IT in Australia at 2.4 times its global valuation, healthcare at 2.2 times, industrials at 2.0 times and utilities at 1.6 times, these sectors appear very expensive against their global peers to the extent that they can be compared.