The ASX 200 has been pummled off the back of 10 year treasuries from the US rising in yields again. 

Futures were pointing down before market open today, giving a small indicator that indicies could follow suit.

Now from a fundamental perspective Australia has positioned themselves well on the rebound recovery train. while there are still significant challeneges to be faced; uneven growth, border closures, vaccine rollouts, ASX listed stocks have performed remarkably well.

Todays edge down is being driven by Bond market Volatility in both the US and Australia.

I anticipate a price recovery to come in line with the ongoing uptrend from a technical perspective and the overarching fundamentals for Australian stocks.

AUS200 - Long

Mar 04 2021

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