ASX 200 sees strong relief rally as healthcare, telco and tech stocks gain, energy and gold tank
The Aussie market bounced back nicely today as investors factored out the range of outcomes that add up to worse than whatever's actually happened since Israel's missile strike on Iran.
War is good for some sectors, but it's not so good for others. Today, less war equalled gains for Healthcare, Telco, and Tech stocks, but it also equalled losses for Energy and Gold stocks as events conspired to forced their respective commodities lower.
It's going to be a crucial week in terms of price action as well as economic data. In the first instance, can markets reverse recent losses and prove these are nothing more than a routine correction?
In the second instance, is inflation getting better or worse, because investors are growing impatient about the timing of already-factored in interest rate cuts. We have key Australian and US inflation data are on tap this week...
Let's dive in!
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