The ASX200 again outperformed most global indices last week managing to rally while others struggled under the weight of rising bond yields and generally negative news from Ukraine. Seasonally we’re coming into the 2nd best month of the year, just behind December, through 2022 MM has maintained a net bullish & “buy the dip” stance which has worked nicely, and very short-term the market still “looks & feels great” with a pop to new highs remaining our preferred scenario before we anticipate migrating down the risk curve.
- While we are bullish short-term MM’s preference in 2022 is to “sell the pop” as opposed to buying the dip.
MM is bullish the ASX200 through April
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