The ASX200 reversed early gains on Thursday to close marginally in the red as weakness in the influential Resources Sector more than offset ongoing strength from both the tech and banking stocks. The last few years have seen major stock & sector rotation within the ASX depending on the macro events in focus at the time, since mid-June its been all about bond yields correcting as central banks ease off their hawkish rhetoric while the risk of a recession in 2023 has been increasingly factored into the market, the moves over the last 7-weeks tells a clear tale:
