Indices: Australian ASX 200
The ASX200 ended up another +0.44% yesterday taking the month’s gain to 6.4% leaving the index less than 2% below its all-time high. Gains were reasonably broad-based on Tuesday with 66% of the main board advancing led by tech, real estate, and resources plus a return to favour of the ESG names. The local index is enjoying its 2nd best start to…
The bullish ASX200 continues to confound many pundits that simply focus on the index as opposed to the stocks/sectors beneath the hood. These individual areas are probably more than I’ve ever witnessed running their own race as inflation and rate expectations have been influencing market sentiment almost more than earnings themselves. However, by definition, this heard style mentality can provide opportunities when investors don’t pay enough attention to less popular stocks.
