This week, I had the pleasure of joining Phil Clarke on ABC Nightlife to reflect on the surprising performance of the share market in 2024 and to discuss my outlook for 2025. At the start of the year, many investors and advisers anticipated modest returns following a strong 2023. However, the market defied expectations, delivering even greater gains despite being described by some experts as a “melt-up.” During the episode, I shared insights into why I believe markets may not be as overvalued as they appear, along with what else is on the horizon.