10 November 2025: Valuation jitters

Global equities pulled back last week reflecting tech-related valuation concerns and comments from the CEOs of two Wall Street banks pointing to the risk of a correction at some stage in the coming year. Beneath the headlines and the lack of data, investors may be starting to question whether the AI trade has run its course. Meanwhile, last week's RBA interest rate decision has caused David to shift his view on when the next interest rate cuts might be seen in Australia. Listen to Betashares Chief Economist David Bassanese's weekly wrap of the key stories in markets, economics and geopolitics now on your favourite podcast app.