Despite a 22% run from the April (Liberation Day) lows, Ten Cap thinks Australian equities will finish the year strongly and can add to these gains through 2026. While the RBA has removed a little of the optimism around the economic / equity market outlook following its recent hawkish commentary, we think its balanced off by a stronger than expected consumer and housing backdrop. As easier monetary policy flows through into the broader economy we expect a modest cyclical upswing with rate sensitive areas to lead the charge. With corporates in good health and the cult of equity investing intact, markets can continue to climd despite some lingering concerns such as valuations. Hear more form Ten Cap;s CIO as he speaks with Juliette Saly from ausbiz.
