1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Key points:
US equities hit record highs with tech-driven gains, but valuations remain elevatedEmerging markets and Europe offer selective opportunities amid global market dispersionPrivate equity shows stress with longer holding periods and muted median returnsCredit markets provide potential risk-adjusted opportunities for careful investors
Graham Patterson from Providence Wealth Advisory Group notes strong US earnings driving current valuations, particularly in major tech stocks, but stresses that elevated multiples require careful risk management.
He highlights challenges around AI adoption, ongoing stress in private equity exits, and selective opportunities in credit and global markets. Over 25 years, Patterson emphasizes disciplined risk management, avoiding herd mentality, and experienced oversight as key to navigating volatile markets.
