What happened
The ASX 200 wiped out its year-to-date gains after falling 4.5% in September to close at 8,665. Betashares strategist Cameron Gleeson noted that rate-sensitive sectors including property, technology, and consumer discretionary faced persistent selling pressure over four consecutive weeks.
Why it matters here
Slower domestic economic growth combined with rising bond yields creates a difficult environment for Australian shares. Investors facing stagflationary conditions locally are increasingly looking to US equity markets, where corporate earnings growth remains stronger across broader sectors.
What to watch
Upcoming RBA rate decisions and central bank policy commentary to assess ongoing duration risks on local equities.
Source
youtube.com