The ASX200 IT Sector has led 3-year bonds in 2021, slipping lower in a rising market before bond yields started rising and then recovering before the same yields started giving up some of their gains for 2021. At this stage we have no reason to believe the Healthcare & IT stocks wont outperform Resources / Banks over the coming months as we see some ongoing sector and performance rotation. Until further notice we will be watching the IT Sector for read through on bond yields.
MM believes growth stocks will outperform value in the months ahead
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Australian 3-year Bond yields & ASX 200 IT Sector
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Australian 3-year Bond yields & ASX 200 IT Sector
