ASX 'headed for bounce' in 2019
If the majority of economists are right, 2019 will be a rewarding year for the Australian equity market, and the negative wealth effect linked to the 2018 downturn in property prices will not be enough of a force on households to hold back consumption growth.
The S&P/ASX 200 Index ended the year at 5646.4 points, or 6.9 per cent below its opening level of 6065 points. The index reached a decade high at the end of August of 6352.
"The stock market should do very well. I think the ASX ...