Indices: Australian ASX 200
The ASX200 bounced strongly yesterday gaining +0.6% as the choppy rotation continues, Tuesday was all about the resources from energy to gold and of course iron ore which continues to swing around with almost as much volatility as Bitcoin!
Over the next 1-2 months we believe there’s a very good chance of a 5-10% pullback by the local market although considering the strength of heavyweights Commonwealth Bank (CBA) and BHP Group (BHP) we feel it’s more likely to be at the shallower end of the scale.
