Is the Australian sharemarket headed for a correction? Here’s one way to judge

Written by The Conversation

The Australian sharemarket has had a remarkably strong run since December 2023, when the S&P/ASX 200 index was around 7,000. In recent weeks the index topped 9,000 for the first time, a rise of about 16% on an annualised basis over this 21-month period.

This strong performance comes despite the economy and many...

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