Indices: Australian ASX 200
The local market rallied 1% yesterday reaching our short-term target zone hence we tweaked a few holdings affording us some flexibility over the coming weeks & months. Interestingly, the ASX focused more on the reduced risk of recession into 2023 as opposed to the fall in bond yields with the Resources Sector significantly outperforming the tech stocks although we did see the defensive skewed Utilities and Healthcare Sectors close in the red i.e. underperforming similar to the US.
