Investors are divided in two major camps over the Australian equity market’s impressive 30% comeback since the 23 March lows. The bulls reckon the worst is over as lockdowns ease and economies reopen. The bears believe there is still far too much uncertainty and that the optimists are getting carried away. Andrew McAuley, Managing Director at Credit Suisse Private Banking Australia, is in the former category.

“In fact, we’ve just moved to an overweight position in Aussie equities.”

In this interview, Andrew shares the thesis supporting his upbeat view on domestic equities and some of the positive developments underpinning the Australian economy. He also discusses how some countries may respond if a second wave of infections were to occur.

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