Business
Why it’s boom, not doom, for Aussie stocks – The Australian Financial Review
The Australian sharemarket has proved relatively immune to the bad news from Victoria, thanks to the emergence of a four-speed market.
While the bounce in retail sales is to be welcomed as it suggests the worst might have passed for the national economy, the twin healthcare and economic calamity unfolding in Victoria is a sobering reminder of how quickly the situation can change.
The confidence of some investors is undoubtedly being underwritten by governments continuing to provide some succour through hit after hit of support and stimulus.
The structure of the Australian sharemarket helps explain its buoyancy despite the ris…
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