EL&C Baillieu Chief Investment Officer Malcolm Wood provides an update on the outlook for the economy and investment markets. The broad-ranging discussion includes:

• Why the Budget is positive for Australian households;

• How the RBA has changed its approach to inflation;

• The latest results from the US reporting season;

• Why the outlook for US housing market is favourable and what this means for Australian investors;

• The latest news on potential vaccines and treatments for COVID-19; and

• Our preferred asset allocation at this time.

We encourage clients to keep in touch with their EL&C Baillieu adviser for the latest updates.