Part 5/7:
One notable point was the perception that Australia is somewhat fortunate to have been relatively insulated, experiencing only a "10% hit" despite the ongoing tariffs. This phrase underscores how tariff tensions in the US could have been far more damaging, yet some in the market believe Australia has dodged the worst. Nonetheless, the speaker was quick to dismiss this optimism, emphasizing that luck is not a reliable strategy, and the economic environment remains precarious.