BSL took out line honours for the ASX200 yesterday rallying on the encouraging economic news out of China. We like BSL under $22 and assuming of course we don’t see an about turn by Xi Jinping et al, which we doubt. A test of 2021 highs now feels like a real possibility which provides a decent read through for the Resources Sector into at least Q1 of 2022.
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Performance update for March, stocks that drove returns & our current positioning
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Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
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Market Matters Research Lead Shawn Hickman with David Koch
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Wednesday 24th April – DOW +263pts, SPI +27pts
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MM likes BSL under $22
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