Barbell bonanza 🏋️

Boom! That was the biggest increase since June with every sector closing higher. It was a barbell bonanza with materials and technology leading the charge higher, surging 2.5% and 3.8% respectively. Not to be outdone, financials, energy, consumer discretionary, communications, utilities and REITs lifting between 1.4% to 2.2%. Safe havens were clearly not required, reflected in the underperformance of healthcare and consumer staples. They “only” added 0.8% and 0.4% respectively. It was that kind of day. At the individual level, Megaport logged a mega gain, jumping 22.6% following the release of its latest quarterly. It took out top gong for the session. We await Thursday where Tesla earnings, European interest rates and gas pipelines are sure to dominate proceedings. The S&P/ASX 200 rose 1.65% to 6759.2, extending the bounce from the year-to-date low to 5.5%.Our top three VODs:Cryptos comeback plan; has it begun?Portfolio positioning for when the Fed "baulks"Cyclicals leading the way to the next stage of a global selldown Hosted on Acast. See acast.com/privacy for more information.