The ASX200 put on +0.3% yesterday ahead of the key US data print, if it hadn’t been for the weakness in the large-cap miners the advance would have been even more substantial i.e. Sandfire Resources (SFR) and Fortescue Metals (FMG) both fell over 4% while BHP lost 1.7%. UBS changed their expectations for a number of key sector participants yesterday – more on this below..
- Our preferred scenario is the ASX consolidates before a bullish move towards the end of the month
MM is neutral to mildly bullish on the ASX200 into Christmas
Add To Hit List
