With Australia's economy growing at its slowest pace in decades, excluding the pandemic, and expectations interest rates could soon start to fall, analysts are warning there is too much "exuberance" on the share market. In what was an ominous start to corporate reporting season in August, the Australian share market shed more than $100 billion during a massive global sell-off that was sparked by concerns about a potential US recession. But after that temporary blip, the ASX 200 rebounded. It has since climbed to near-record highs, despite an underwhelming corporate earnings season.
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