Listen to the latest market mood for the ASX 200.
Australia consumers are the most optimistic they have been in two years which is a green light for consumer stocks to lead a potentially sustained turnaround in Australia.
The large fiscal stimulus package passed earlier this month is helping to boost sentiment as well as Australia moves towards opening international travel with some countries as the COVID-19 outbreak shows some signs of stabilisation. Victoria state is now easing its lockdown as cases fall which is another positive sign for Australian companies.
Expect buyers in the ASX 200 on pullbacks.
- The main risk to this trade is a breakdown in US stimulus package talks.
- A surge in COVID-19 cases in Australis is a risk to this outlook.