How to invest in a toppy market
Like other bourses, the ASX is rallying on an optimistic growth story. The one potential hiccup, say fund managers, is inflation.
Scaling the dizzy heights of a market record also brings doubt about whether this is as good as it gets and if the only way forward is down.
Simon Letch
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This month’s bullish prediction by the International Monetary Fund of the highest growth on record for 2021 confirmed what sharemarkets are already banking on – the global economy is firing up.
Encouraging COVID-19 vaccine trials late last year opened the door to a supercharged recovery, as massive fiscal spending continues this year with America’s $US1.9 trillion ($2.4 trillion) aid package.