"Bank share prices should be well supported, but they're not going to be a fantastic proposition," Mr Rodda said.Meanwhile, Ms Liu considered bank shares to be"very cheap" since they offer"pretty good yield", despite some banks facing"more issues than others".Opinions were also divided on Australian technology companies — WiseTech Global, Appen, Afterpay, Altium and Xero.
Mr Rodda thinks the tech sector will continue to rise simply because the market is flooded with"cheap cash" from aggressive RBA rate cuts. Australia's housing downturn appears to be over … for now. But huge household debts leave the nation vulnerable to a shock. "Many of them are lacking growth at this point, so if investors allocated money to cheaper cyclical stocks instead, their returns will be much larger."
He believes there could be some recovery at some point given car sales have been falling for the past 20 months. "A lot will depend on what happens to house prices from here [as] a lot of consumer spending, specifically, car sales, have been correlated with property prices.
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Has anyone is these 'experts' have better than random results? How were their predictions for 2019?