Chanticleer
Nine signs there’s a ‘mini melt-up’ on the ASX – and 12 stocks to buy
Local UBS strategist Richard Schellbach says Wall Street’s relentless grind higher will inevitably flow through to the ASX, and has picked some local stocks to watch.
Another day, another set of record highs on Wall Street – and another bear throws in the towel.
For months, Morgan Stanley strategist Michael Wilson has been steadfast in his view that markets had become far too optimistic in pricing in a world where inflation would fall, interest rate cuts would arrive, and the economy would remain resilient enough to support strong earnings growth.
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