Indices: Australian ASX 200
US equities continued to underperform our own last week given technology accounts for ~28% of the S&P 500, however, given our wider views around relative performance if the appreciation in bond yields pause, we would expect some performance catch-up in the short term. i.e. US stocks to outperform Australian stocks for the remainder of Q2.
Firstly, I hope you all had a great Easter break, a beautiful 4 days in Sydney where the sun was certainly appreciated. The ASX 200 added +0.61% for the shortened week with Gold & Travel-related stocks populating the leader board. We’re now 19 days into the market’s 2nd strongest month of the year with a gain of just 0.32% to speak of. The ‘old world’ is smashing the new with Utilities up 5.44% while the Information Technology sector…
