Investors are increasingly shrugging off the months-long sharemarket volatility sparked by the Trump administration’s aggressive trade policies and have become hopeful that, with the worst of the tariff shocks over, Australian stocks will keep breaking records over the next six months.
While the S&P/ASX 200 pulled back from its all-time high on Friday amid news of Israeli missile and drone strikes on Iran, the benchmark index has still jumped 19 per cent since its April low. That puts it on the cusp of a technical bull market, or a 20 per cent climb from its recent trough.
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