Stock markets have disconnected from fundamentals (and reality). The economic fundamentals are almost as bad as they have ever been. Stock market valuations are as expensive as they have ever been. But that hasn’t concerned markets.
Nucleus Wealth’s Head of Investments Damien Klassen spoke with Rachel Pupazzoni on ABC’s The Business about what the latest layoffs at Qantas indicate, why he believes we’re in a bubble and the forces that are driving it, if a second wave of COVID-19 will spur another market fall, and what he thinks will burst the bubble
Damien Klassen is Head of Investments at the Macrobusiness Fund, which is powered by Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.