Australian stocks may see lower returns due to slowing economic surprises, advised caution by Macquarie.

From Investing.com: 2024-12-01 19:27:06

Australian shares may see lower returns as the surprise cycle peaks, signaling a downcycle. Macquarie advises caution due to global uncertainties and potential market corrections. Shift towards safer sectors like healthcare and real estate, with companies like CSL Ltd, Resmed Inc, and Mirvac Group highlighted as winners. Banks and insurers may struggle.

The RBA is expected to cut rates in 2025, but Macquarie predicts no action until after the federal election. This delay could pressure consumers with high borrowing costs. The downcycle is forecasted to last until February, coinciding with earnings season. Opportunities for growth may arise if conditions stabilize by then.



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