Similar to the Tech Sector the high Beta small cap index has outperformed since the market bottomed in June, further catch-up feels warranted medium to longer-term but in line with our current overall neutral stance we wouldn’t advocate chasing this volatile market space at this stage of the bounce or until we again adopt a bullish stance e.g. MM has been bullish the ASX200 during its strong June & July recovery.
- MM is neutral equities short-term suggesting the recent outperformance by the small caps might at least need a breather.
MM remains neutral the ASX200 after our upside target has been achieved
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