COH along with healthcare heavyweight CSL illustrated its dislike of rising bond yields back in 2018 when it endured a painful albeit fairly short “taper tantrum” when it significantly underperformed the index. Interesting just as rising bond yields have started to create a headwind for COH the shares experienced a failed breakout to new highs i.e. selling the pop looks good in this case. On balance another 10-20% wouldn’t surprise and we have no interest in this quality company just yet.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is neutral / bearish COH
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