ASX 200 will end this year on a record high

The S&P/ASX 200 Index (ASX: XJO) will hit an all-time record high this year, according to one prominent economist.

Like most share markets, the ASX had a nice recovery from the COVID-19 lows in March last year. 

But the past month has seen a bond-driven hiccup, with the ASX 200 dropping almost 1.7% and the S&P ASX All Technology Index (ASX: XTX) getting whacked a painful 14%.

AMP Capital chief economist Shane Oliver told investors to ride out the bump, because this year is looking good.

“Shares remain at risk of further volatility from rising bond yields,” he said.

“But looking through the inevitable short-term noise, the combination of improving global growth helped by more stimulus, vaccines and still low interest rates…