Fast forward some two months, and this scenario continues playing out:
"I have great respect for the collective wisdom of bond investors (I think they are inordinately smarter than equity investors) and in this case bond investors are totally ignoring the latest inflation numbers.
And if the bond market is, in fact, correct and that inflation we are currently seeing is merely transient, then this time next year those negative real yields will normalise without any need for bond yields to rise.
Which would continue to underpin equity valuations, including the very elevated valuations of long-duration growth stocks such as ARB."
As a result, the Premium P/E Party rocks happily on.
.
Fast forward some two months, and this scenario continues...
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Last
$41.42 |
Change
-0.080(0.19%) |
Mkt cap ! $3.437B | |||
| Open | High | Low | Value | Volume |
| $40.92 | $41.68 | $40.82 | $5.592M | 135.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 441 | $41.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.44 | 386 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ARB (ASX) Chart |