(MT Newswires) -- Cameron Dawson, chief investment officer at Newedge Wealth, sees a divergence between the increase in equity valuation multiples (PERs) to 20.1 times forecast earnings and the slight fall in BNA estimates for 2024 and 2025 of 0.5%. Dawson is not alarmed by this trend, but would have hoped to see an increase in BNA estimates given expectations of a soft landing for the economy. BNA's current estimates of over 10% growth this year and 11% for 2025 are already optimistic. This suggests that investors, through high valuations, have not factored the possibility of a hard economic landing into their valuations.

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