‘Grain of cynicism': ASX 200 surges to within two per cent of all-time high
Sky News Business Editor Ross Greenwood says Australia's stockmarket got within two per cent of its all-time high set in early February, before Donald Trump's Liberation Day spooked the markets.
Mr Greenwood questions whether this surge in market momentum should be treated with a 'a grain of cynicism'.
'The Australian economy's annual growth right now is just 1.3 per cent; that compares to its long-term average of three per cent.
'So where is all the profit growth coming from to support the near record share market?'
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