Chart of the Week

The Resources Sector is arguably the most exciting space of the ASX as we evolve from Covid, however, these are classic cyclical stocks which typically experience decent retracements – it is important to remember MM is bullish on the space and are planning to increase our exposure into any such pullbacks when the sector will by definition look & feel bearish.

• The Australian Materials Index is currently testing its all-time highs, we are 50-50 on whether it can break out in Q1.