The ASX200 experienced a mixed week as we exited April with things looking good on Friday but after the latest sharp drop by US indices, local resilience will yet again be tested this morning. At this stage, MM is not panicking into cash even as we enter May but we are constantly reminding ourselves of our mantra for 2022 and its investors who are prepared to sell that we believe will see the best relative performance come the end of the year:
- “sell the pops and buy the dips with the emphasis on the former for the first time in years” – MM.
MM remains mildly bullish the ASX200, albeit only just.
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