Record-setting sharemarket driven by sentiment, not fundamentals
A stock broker is sounding warning bells as the New Zealand share market continues to hit fresh records. With special feature audio.
Jenny Ruth Mon, 25 Jul 2016
Another week, another record for the New Zealand share market but a broker is sounding warning bells.
Forsyth Barr’s head of private wealth research, Rob Mercer, says 75% of what’s been driving recent gains is sentiment and momentum, rather than fundamentals.
Mr Mercer says the earnings growth
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