Morningstar warns of market whiplash
Stock market returns from the end of 2023 have been driven by multiple expansion underpinned by strong sentiment.
Morningstar head of equity research Peter Warnes.
Investment research company Morningstar warned that markets will likely go through another ‘whiplash’ in value as the high price-to-earnings (PE) of many companies is not supported by sustainable earnings growth.
Addressing financial advisers, Morningstar’s Australian equities research team
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