The Match Out: ASX edges higher as bearishness reigns supreme

Stocks snapped a 3-day losing streak today that had seen the ASX 200 pullback -371pts / 5.5%, back down testing the June lows, off 12% this calendar year to date. While today’s bounce back was far from convincing, we are seeing signs of some improvement with a number of sectors/stocks attracting strong buying. When we stand back and consider the overarching positioning at the moment, with the consensus being very bearish, we think a bounce from these levels is the more probable outcome.

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Afternoon report 27/09/2022 17:07

The Match Out: ASX edges higher as bearishness reigns supreme

MM is bullish equities, specifically growth stocks from currently depressed levels

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MM continues to see value in AAC sub $2

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