The ASX200 is set to open up strongly this morning within striking distance of the psychological 7000 area– if the ASX follows Fridays rally in the US we should see the Resources and IT stocks outperform today.
- We still see equities will be higher come the end of 2022 but it feels an optimistic call to rule out another attempt on the downside over the coming weeks in this skittish market.
- For the first time in a while we are open to buying strength following the local markets strong rejection of the 6700 area although still like having a reasonable degree of flexibility.
MM is neutral the ASX200 short-term
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