Original article by Patrick Commins
The Australian Financial Review – Page: 33 : 13-Mar-18
Australia’s S&P/ASX 200 has gained 90 per cent since reaching a low in March 2009. US markets have been the driving force behind the nine-year global bull market. However, Morgan Stanley has identified a number of factors that could be an indicator of a looming bear market. These include strong gains in the last 12 months of a bull market, outperformance by emerging market equities and a widening of credit spreads. Meanwhile, John Higgins of Capital Economics expects the S&P 500 to fall to 2,300 points by the end of 2019.
CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY AND COMPANY INCORPORATED, CAPITAL ECONOMICS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, HANG SENG INDEX, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED