Global markets have quickly moved to price in a full post-COVID-19 economic recovery with 1-year forward earnings forecasts for the S&P 500 up 11 per cent versus their pre-pandemic level.
Our Chief Investment Officer, Alex Pikoulas, comments that although we’re going to need “genuinely strong earnings” going forward and the strongest economic growth we’ve seen in more than a decade to spur further equity market gains, policymakers look set to make that happen.
In a televised interview with Ausbiz, Alex explains why equity markets aren’t likely to be overly threatened by tapering of QE bond purchases and discusses portfolio strategy in the current environment.
Click on the image below to watch the Ausbiz Interview (8mins 25secs)
