Indices: Australian ASX 200

The ASX200 has fallen 15% since mid-April and while more wouldn’t surprise us over the coming months, especially considering the macro backdrop, we believe its time to start considering rotating portfolios away from the established trends of the last 6-months, with one very contrarian idea catching our attention:

The ASX200 struggled again on Thursday as it failed to embrace the bounce by overseas bourses following the 0.75% interest rate hike by the Fed, or maybe it was simply smarter expecting the recent equities downtrend to continue over the coming weeks – it would appear so this morning! Overall the session was another lacklustre performance which may have seen the winners and losers…