So new week what’s in store for us markets are ok gold is very shiny so far so good what do you recon Michael
– Rob
Hi Rob, great question, but I’d generally rather stay away from making predictions on markets, as they could be misinterpreted by some as financial advice.
However, I just received this interesting forecast from VanEck portfolio manager Cameron McCormack, who reckons the ASX 200 could finish the year at 8,300 — up from the current levels around 7,600.
“We see Australian mid-caps as being the star performer this year, outperforming the S&P/ASX 200,” he tips.
“Smaller companies offer more upside potential through market share expansion and have historically outperformed in prolonged market recoveries. Valuations are attractive with 12 month forward price to earnings below the historical average. Mid-caps also reported the highest upside price target revisions during the…
