Business
This chart shows why the ASX bull market can keep running
The ASX bull market is losing steam today but there are good reasons to believe that ASX shares can keep running higher through 2021, if not longer.
The S&P/ASX 200 Index (Index:^AXJO) shed 0.8% ahead of the market close and will likely finish at the bottom of its intraday trading range.
It’s hard to feel confident about equities when many experts point to overstretched valuations, which leave little room for bad news.
And bad news can come from multiple fronts. A slower than expected roll out of mass COVID-19 vaccinations (essential for economic growth), mutating virus, rising bond yields and asset bubble fears are only a few that will keep investors on their toes.
Property rise will fuel ASX shares bull run
But there’s good…
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