The ASX200 managed to close higher in the face of East European hostilities but the meaningful gains were again delivered by the Energy, Gold and broad based Resources Sector. MM remains optimistic towards equities but as we’ve already witnessed through January and February that its likely to be all about sector rotation and MM’s looking to migrate away from the Resources Sector during the current explosive gains. The index itself may have to rotate sideways in a post-QE slumber in order to pay some penance for those years of excessive overstimulation.
MM is mildly bullish the ASX200 below 7200
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