Our preferred scenario remains a bullish start for the ASX200 this year with the 7700-7800 area our ideal target i.e. a “pop” to new all-time highs and no change to our rhetoric of recent months although we are getting a little nervous as US tech names start to wobble. The logical catalyst for a rally above
Augusts high will be a post Omicron sugar hit as the market again feels indestructible!
MM remains mildly bullish Australian equities looking for 4-6% further upside i.e. not a big call but we do anticipate reducing our risk if such a move unfolds
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