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We are tweaking the Flagship Growth, Active Income & the International Equities Portfolio’s today
Join Portfolio Manager James Gerrish & Analyst Jono Higgins as they do a deep dive into buy now pay later company Z1p Co (Z1P). The stock has been under some pressure in recent times, however both James & Jono believe it’s good buying around $7 for investors that can handle some volatility & have a growth mindset.
The ASX200 continues to rally steadily with the index challenging the psychological 7400 area in the early afternoon as the +0.9% gain took Junes advance to +218-points / 3%, and we’re still only half way through the month, although I would caution the bulls that we’ve reached MM’s target for June assuming the markets going to maintain the same momentum of the last 4-months.
A strong session to kick off the shortened week as the RBA poured cold water on any fears around premature tightening of policy despite the recovery being stronger than they expected, minutes from their last meeting showed today.
The ASX200 again posted all-time highs last week as a little profit taking in the banks was more than offset by broad based buying across the market led by the IT Sector as bond yields slipped lower removing the headwind which has been suppressing the growth stocks through most of 2021 – our focus today will be on these very same bond yields which have dictated the sector rotation over the last 6-months.
The ASX200 has maintained its upward momentum closing up +2.1% for June on Friday, as we’ve pointed out in previous reports a nudge of 7400 is likely in the next few weeks assuming local stocks match the average gains over the last 4-months.
It’s been another solid week for stocks as we head into a blissful long weekend, the ASX 200 closing at a new all-time high with the IT stocks offering most of the support today.
The ASX200 continues to hover around the 7300 area with stock / sector rotation still the main game in town, Thursday saw funds drift out of the banks and resources into the beneficiaries of lower interest rate such as IT,
A positive session for the ASX with the property stocks grabbing the performance batten today and running with it while the IT stocks also joined the fray – Energy the only sector that struggled after a solid recent run.
The ASX200 started to show a few hairline cracks yesterday with strength early on sold into as ~60% of the index finished lower after hitting another all-time high at 7334.
