Yet Another Sentiment Extreme in Australia
by Editorial Staff
Updated: August 13, 2021
It almost never fails: At big market reversals, the crowd is predictably wrong.
You saw the most recent example of that in March 2020 -- when, in the midst of the pandemic's first wave, global shutdowns and dire forecasts, stock markets around the world found a bottom and haven't looked back.
Now, we're starting to see the opposite sentiment. In the Land Down Under, for example, consumer expectations have just hit another high. Sounds bullish, right?
Actually... our Asian-Pacific Financial Forecast editor explains.
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Right now, multiple markets around the world find themselves "stretched."
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