Australian shares are set to open higher, bolstered by a renewed rally on Wall Street as tech shares lured buyers. Nvidia and Apple each rose, poised to reset their respective record highs.
While elements of investor behaviour and market pricing currently rhyme with previous bubbles, Goldman Sachs global strategist Peter Oppenheimer said markets are not there yet.
“Importantly, bubbles tend to develop when there is a combined surge in stock prices and valuations to an extent that the aggregate value of companies associated with the innovation exceed the future potential cash flows that it is likely to generate.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-s-and-p-500-renews-rally-20251009-p5n16m