The ASX200 was hammered -1.5% yesterday afternoon on broad-based selling following the BOJ’s move, not the commentary of the typical “Christmas Rally” but overnight US futures reversed their losses suffered during our day’s session sending the local SPI Futures into reverse, the ASX200 is set to open up +0.8% this morning, initially recouping around half of yesterday’s losses in the process.
- We now believe the ASX200 has completed its October/November recovery and we are looking to move down the risk curve into 2023.
MM is now neutral towards the ASX200 into 2023
Add To Hit List
