RBA relief! Why the ASX 200 is set for a bumper year… or 3

Yesterday marked one of the most anticipated Reserve Bank of Australia (RBA) meetings in recent months.

Speculation was swirling whether RBA governor Dr Philip Lowe would induce a ‘taper tantrum’ on the share market by hinting that its unprecedented levels of monetary stimulus would start to be wound back.

The phrase ‘taper tantrum’ entered the investing vernacular back in 2013. Back then, the chair of the US Federal Reserve Ben Bernanke hinted that the US’s quantitative easing (QE) programs would have to be unwound. The share market plunged on the news, and the ‘tantrum’ was born.

But there are no signs of a tantrum on the ASX today, quite the opposite in fact. At the time of writing, the S&P/ASX 200 Index (ASX: JXO) looks set to…

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