EL&C Baillieu Chief Investment Officer Malcolm Wood has upgraded his forecast for the Australian equity market. In this podcast, Mal discusses: • The seven key reasons why the market should hit record highs; • Why Australia’s fiscal stimulus far exceeds the cost of the economic downturn; • How bank dividends may help provide a further positive catalyst for the market; • Other sectors that should also benefit from the recovery, including transport, retail and wealth management; • Our preferred asset allocation at this time, including an overweight position in Australian equities. We encourage clients to keep in touch with their EL&C Baillieu adviser for the latest updates.