Markets: S&P see-saw

Recent wild fluctuations in the benchmark index show investors aren't game to think long term, especially as earnings season approaches.

Since June the S&P/ASX 200 Index has see-sawed. It has oscillated between perceptions that the market’s 10 per cent fall from May 14 to June 13 represented a buying opportunity and other views urging caution. A slowing Chinese economy coupled with a rising interest rate environment, as the US Federal Reserve pares back its bond buying program that has underpinned record-low global rates, spells lower share prices.


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