Australian Stock Market to Rise Strongly into 2021 (11-23-2020)

If there is one thing that 2020 and the corona virus has taught us this year is that we cannot be complacent, as the world is at a point where our health and security can be challenged at a moment’s notice. Unfortunately, complacency is often intertwined with ignorance because as the old saying goes “ignorance is bliss”.

So what’s next for the Australian share market?

The Australian stock market continued to rise on the back of good news around a COVID vaccine with the market rising for thirteen of the last fourteen trading days achieving a gain of just over 10 per cent. During that time, the market only closed lower than it opened on three days, one of which was last Friday. While it is possible that the Australian market may move down for a few days in the coming week, over the medium term everything looks good for the All Ordinaries Index to rise strongly until late January and possibly into February.

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