Business
Budget a market ‘game changer’ says Fidelity’s Taylor – The Australian Financial Review
Fidelity International fund manager Paul Taylor predicts the government’s huge cash splash will go further than repairing the COVID-19 hole in the economy, and …
“The stimulus, I think, is going to be very, very positive for markets.”
On Wednesday, shares had their best reaction to a federal budget since 2002 and were up 2.6 per cent over two days ahead of Thursday’s close.
And this week, the benchmark is up 5.6 per cent as investors piled into banks, retailers and building materials companies in the belief they are the stocks that will benefit the most from the budget.
The fund manager said that over his 23-year career, there had been 10 crisis event…
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