Ray Dalio comments on stock valuations, home prices rise
The Australian Financial Review — February 29, 2024, 09:00 PM UTC
Summary: 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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