Is it crunch time for the Aussie share market?

Financial journalist and commentator on 3AW and Sky Business
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After its stellar 2019 – which saw an 18.4% gain for the benchmark S&P/ASX 200, and a 23% return with dividends included – and the early strength in January, which pushed the index 5% higher for the month, it’s crunch time for the Australian share market, as the December 2019 reporting season kicks into gear.

Most companies are reporting half-year results, but there is a substantial contingent reporting full-year results, if they use the calendar year as their financial year.

The problem for investors is that they cannot expect the market to keep rising if earnings don’t match the expectations that are built-in to the share market in terms of price/earnings (P/E) valuations.

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