When Macquarie strategist Matthew Brooks unveiled his “grand unified theory for equity strategy” last month, there were murmurs on social media that the S&P/ASX 200 index may have hit its peak.
Here was an experienced market watcher coming up with a new way to justify turning bullish in markets that were already historically expensive, the critics said, suggesting that this is exactly the sort of behaviour we see when bull runs are in their late stages.
Source: https://www.afr.com/chanticleer/profit-season-is-a-bit-of-a-stinker-it-won-t-stop-the-asx-rising-20250825-p5mphq