Australian equities have meaningfully underperformed glopbal equities YTD. While some think its time for catch-up, Ten Cap CIO - Jason Todd - thinks Australian equities face further underperformance risks amid a weakening economic backdrop, high valuations and earnings which are likely to trend lower. Jason Todd, CFA joins Andrew Geoghegan on ausbiz to discuss why he remains cautious on the local market outlook for the second half of the year, why he prefers resources over banks, and where caution is needed as higher rates and wage pressures filter through to earnings.
