Last week saw the ASX200 experience a quieter time which happily saw it manage to closer higher for the first time since April, it’s a tough call to guess how local stocks will spring out of the blocks this morning after the election but sentiment was certainly improving last week. In the bigger picture the local market is continuing to rotate between 6750 and 7650 which from a risk/reward perspective suggests investors should be proactive at the respective extremes.
- The ASX is still outperforming its US equivalent which has now fallen for 7 consecutive weeks.
MM is neutral the ASX200 short-term
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