Part 13/16:
On the other hand, both managers acknowledged the risk of overvaluation in large banks and established stocks. Beloo suggested selectively shorting or avoiding overinflated sectors, emphasizing the importance of bottom-up analysis driven by fundamentals rather than market hype.
The Future of Australian Manufacturing and Policy
A recurring theme was the challenge of maintaining competitiveness within Australia’s manufacturing and resource sectors. Tegliafero noted that many Australian companies have significant operations in the U.S., which could benefit from changing trade policies. Nonetheless, he cautioned that tariffs are often unpredictable, and companies must be agile.