Indices: Australian ASX 200
The ASX200 slipped another -0.45% on Monday on broad-based selling which saw well over 60% of the main board close down for the day with the resources coming off the boil catching our attention after we trimmed our exposure last week. Elsewhere in what felt like a fairly quiet day with central banks sitting poised to dominate the news some buying crept into the tech space but there have been many false dawns on this front through 2022:
The ASX200 struggled last week following the move by the RBA although the relatively minor pullback still leaves room for an assault on fresh 6-month highs, especially if the miners remain well-bid e.g. BHP Group (BHP) rallied +3.8% last week and its gains paled into insignificance compared to say Fortescue (FMG) +8.7%.
