Perspectives: Episode 57 – Crime and punishment – the crime of missing earnings expectations is met with harsh punishment by the market.

<p>In this episode, Escala Partners CIO, Tracey McNaughton, discusses the balancing act taking place in the market between price, earnings and valuation. Slower economic growth means slower earnings growth and slower earnings growth will be punished by the market as we saw with US retailer Target. The latest rate hike in Australia brings us inline with moves seen so far in the US.</p>