This isn’t a spectacular surge, but a sort of tradesman-like grind, as investors shrug off consistent slices of indifferent news – a data point that suggests rate cuts could be delayed, so-so corporate earnings or– to take the benchmark ASX 200 to a new record high every other day.
At the heart of this is the seemingly unshakeable belief that a soft landing has been achieved, inflation has been tamed and rate cuts are a matter of when, not if. You can see this theme playing out on the ASX too, as the banks, CSL and Goodman Group lead the market higher. Quality earnings, reasonably solid growth and market power is the combination.being threatened on both deposits and lending
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