Stock markets have disconnected from fundamentals (and reality). The economic fundamentals are almost as bad as they have ever been. Stock market valuations are as expensive as they have ever been. But that hasn’t concerned markets.
Nucleus Wealth’s Head of Investments Damien Klassen spoke with Rachel Pupazzoni on ABC’s The Business about what the latest layoffs at Qantas indicate, why he believes we’re in a bubble and the forces that are driving it, if a 2nd wave of Coronavirus will spur on another market fall, and what he thinks will burst the bubble