Australian shares are careering towards a bear market as US President Donald Trump’s trade war starts to hit the bottom line of ASX-listed companies and central banks delay cutting interest rates, delivering a fresh blow to valuations.
That’s according to advisory firm MST Marquee, which expects the world’s largest economy to tip into a recession, delivering a reality check to local earnings forecasts which it warns are still far too high.
Source: https://www.afr.com/markets/equity-markets/asx-headed-for-bear-market-as-profit-recession-looms-20250422-p5ltcf