Ray Dalio comments on stock valuations, home prices rise

afr.com

In the financial markets, Ray Dalio commented on stock valuations, with Alphabet and Meta seen as cheap and Tesla as expensive. National home prices rose by 0.6% in February. ASX futures were up 2 points, and the AUD was at 64.96 US cents. Capital Economics forecasts the 10-year US Treasury yield to fall to 4% by the end of 2024. Vanda Research noted a decline in retail purchases and institutional investors driving recent gains. Advanced Micro Devices' shares surged nearly 8%.


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