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The investment giant is betting on a comeback in real estate and retail stocks amid a more stable interest rate environment to help push the S&P/ASX 200 Index to eye-popping territory.
The ASX is trading at all-time high, yet investment banks are warning investors may get ahead of themselves this reporting season.
A late 2023 rally helped lift the sharemarket on optimism about commodity prices and the path of interest rates. Strategists agree records may tumble, but at the expense of higher volatility.
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By ending the year with rates on hold, the RBA sets up a puzzle for local investors in 2024: a prolonged pause or earlier-than-expected cuts?