Six reasons why shares are at or near record levels. But is it sustainable?

Dr Shane Oliver, Head of Investment Strategy & Chief Economist insights

Bonds and shares often diverge – we saw this a year ago with shares rallying but bond yields staying low.

Shares have been boosted by strong earnings news, improved valuations, investor awareness of last years’ experience of a post lockdown bounce back, vaccines providing optimism in a more sustained reopening, some pressure for more stimulus & M&A activity.