What bubble? Why the equity market still has room to run

Equities have pushed to fresh all-time highs as momentum carries the market into the final months of the year. The Federal Reserve has confirmed its dovish pivot, the US dollar has resumed its decline and volatility remains subdued.

Credit spreads are also tightening, bond yields are falling, and risk appetite is firming. The Goldilocks environment of not too hot and not too cold looks more entrenched now than at any point this year.

Source: https://www.afr.com/markets/debt-markets/what-bubble-why-the-equity-market-still-has-room-to-run-20250925-p5mxxu