Australian Stock Market Report 10-12-20

Is the recent rise on the Australian share market a sucker’s rally or the start of the next phase of a bull market? In this week’s report, we discuss this as well as how the recent Federal budget announcements will support Australia moving forward.

Many are advocating that the government released one of the most important Federal budgets last week although the response by some has been negative, as they are suggesting we have taken on too much debt. While some would argue that this budget was necessary to enable the economy to grow over the coming years, others are suggesting it will benefit middle-and upper-income earners more with the great divide between those with plenty of money and those without only widening. But will this really eventuate?

 

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