Business
Rally has room to run in hunt for yield – The Australian Financial Review
The prospect of lower for longer monetary policy will prod investors into riskier assets like stocks and emerging markets. But some fund managers say that momen…
The rally has been turbocharged by the government’s blockbuster budget that included $98 billion of measures such as tax cuts to bolster household incomes and business investment.
The boost from fiscal stimulus is viewed as a tailwind for the market.
“We don’t believe that the market has rallied too hard. We don’t believe it has got ahead of itself,” Mr Doyle said.
“Indeed, particularly in the news last week coming from the budget, we’re pretty optimistic on the outlook for Australian equitie…
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