ASX200 Index

The ASX200 has consolidated over the last few weeks, which is no surprise to MM after its impressive surge from its April lows. While we see no reason to fight the bullish trend, especially as we enter July, which has delivered an average +2.9% gain over the last decade, we don’t believe all stocks will move as one.

• The SPI Futures were calling the ASX200 to open marginally higher this morning as we head into the seasonally strong July.