The Australian equity market recovery accelerated in November as US election clarity and vaccine success buoyed equities markets globally.
And while we would not be surprised to see some near-term consolidation based on the pace of the recent bounce, the recent widespread capitulation amongst most investors to a positive view, and the market’s stretched headline multiple, our 12-month view remains constructive. In our weekly view on asset allocation we take a promising look at 2021, delving into:
- The emerging domestic recovery and prospects for synchronised global growth in 2021
- The increasingly positive outlook for corporate earnings
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Disclaimer
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Written by
David Cassidy, Head of Investment Strategy
David is one of Australia’s leading investment strategists.