21 Jul Nine key charts for investors to keep an eye on amidst oil and AI worries
Key Points:
- The first half of this year saw good share market returns despite the oil supply shock on the back of the US/Iran War.
- We remain upbeat on a 12-month view but see a high risk of another correction in the short term.
- Nine key charts worth watching are: business conditions PMIs; inflation; inflation expectations; ship traffic through the straits of Hormuz and Bab el-Mandeb; global oil reserves; oil prices; profit growth; Korean shares and the AI boom; and bond yields and share market valuations. They are sending cautious signals.
