Australia Day is behind us and schools go back this week, to many it feels like summer is already in the rear view mirror although to be precise the 1st of March is the start of Autumn. Almost one month into 2021 and the ASX has ground out a +3.6% gain with the Banks and large cap Resources leading the line, at MM we’ve called this to be a positive year highlighted by some periods of elevated volatility probably the one ingredient that’s been missing totally absent from stocks in January but never say never, the year is young. Investors shouldn’t get too bullish, over the last decade the average gain for Q1 is only +3.5% and we’re already there.
