It's funny, only a few weeks ago all the talk was about the move in to banks and mining and tech getting left behind, today the AFR is telling us the move is in to tech lol:
"Neglected tech stocks make their mark
The bullish charge by value stocks which has driven the Australian sharemarket to records is being fuelled by an exaggerated inflation narrative that has left the tech sector undervalued, some fund managers say. Investors have flooded into the major banks and resources this year on the back of record commodity prices and upbeat economic activity, supported by a returning inflationary pulse.
Indications of a comeback
The big four banks, which make up a substantial part of the index, already have enjoyed an average gain of more than 28 per cent this year, and that’s before dividends. Meanwhile, the S&P/ASX 200 Information Technology Index is down 9.7 per cent year to date.
The last six months has seen the local IT stocks correct fairly hard while the banks and resources have maintained their bullish advance,” he said. “This performance elastic band has now stretched far enough and it’s time for some significant catch-up."
Oh yeah, health/med stocks are also flavour of the month again.
Guess the principal is have a diverse range of quality stocks in all sectors, plus a few "money you can afford to lose" specs just for a bit of fun.
GLTAH, don't think the Altium T/O saga is finished yet.
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It's funny, only a few weeks ago all the talk was about the move...
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