Half-way into July and the song remains the same, plenty of bad news flashing across our screens to excite the bears but stocks remain resilient and some indices actually manage to accelerate higher.
Last week the ASX200 reached and potentially rejected our 7200 short-term target area with the previously strong high Valuation IT stocks the major headwind for the index, although the numbers were a little skewed by especially poor performances from Wisetech Global (WTC), EML Payments and Altium (ALU).
Asset allocation framework when targeting income
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