Australian Stock Market to Make a New High in Early 2021 (12-07-2020)

In this week’s Australian stock market update, Dale provides his analysis on why the market is expected to make a new all-time high in early 2021 despite other experts speculating that the market is due for another correction.

The economic rollercoaster for Australia’s economy continued last week with the announcement that GDP had grown by 3.3 per cent in the September quarter, which officially ended the recession that only started at the end of the prior quarter. While this is great news, activity in the economy is still down on pre-COVID-19 levels and down 3.8 percent for the year to the end of September; so while the news is good, we are not out of the woods just yet.

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