The ASX is doing well but high growth stocks get hammered. It's not uncommon, but seems so strange.
My understanding is that improving economic predictions mean blue chips and dividend stocks are worth more - the risk is reduced thus more desirable. But value is relative and money is (somewhat) finite, so in order for money to flow into something it has to come from somewhere. Growth stocks, higher risk, get sold down as money shifts to these reassessed low risk stocks.
The hard part is that an improving economic outlook benefits our growth stocks just as much as blue chips. So I'm getting reduced risk from my growth stocks at a reduced price.
This is a great time to top up and rebalance.
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