The ASX200 ended the shortened week up +1.8% and remains on track to post fresh all-time highs in the coming few weeks. Strength came from the most influential market sectors, including the banks/financials, energy, healthcare and resources names. On days when we saw profit-taking in the banks, where Commonwealth Bank (CBA) again posted all-time highs last week, the resources tended to surprise on the upside, i.e. any selling we did see appeared to be more rotational in nature as opposed to exiting the market.
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Really bullish, there's more to go in the reflation rally
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