The Australian Stock Market has recovered strongly throughout November 2020, up 10% for the month; but what comes next? The successful Stage 3 trials of multiple COVID-19 vaccines has renewed hope that life and business may return to normal in 2021, but has the market responded with overexuberance moving to this "Risk On" stance?
Morrissey Group Wealth Advisers Ben Morrissey and Alex Henderson look at the primary contributors to the market recovery and which sectors have been left behind. They also explore the “Big Spend, Bigger Debt” Budget released by the Victorian State Government and the potential implications it may have on Australian business in their attempt to pull us out of the hole COVID has left in our economy.
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