The ASX200 may have traded in a reasonably orderly manner since COVID but over recent years there have been some standout areas of the market that have moved in and out of vogue leading to significant periods of both under & outperformance, all the investor has needed to do was pick the trend and then ride it before moving onto the next – the fast money feels like its moved around as almost one block.
- The standout characteristic has been that when a sector is in demand it rallies higher and faster than many imagine and importantly vice versa.
Momentum traders have enjoyed a field day with a number of these moves as their computer generated buy / sell triggers don’t consider the usual financial metrics such us valuation and debt. However again we need to reiterate that these sentiment like moves have unfolded with significant energy in both directions. Today we have looked at 5 such examples with 2 that feel like they may be the next “cabs off the rank”.
MM remains bullish risk assets into 2022
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