Sector rotation is a good point. Mining stocks are very hot at the moment, one only needs to look at all of the small cap explorers topping the HC posting board. It also seems to me a lot of money is flowing to small and mid cap high growth stocks. Some good quality such as ALU, XRO and WTC and some perceived to be of good quality like A2M*. High valuations all round in this part of the market.
This is a great little article comparing small and large caps with some excellent data. Seems pertinent at the moment.
https://cuffelinks.com.au/better-way-measure-australian-small-caps/
*A2M has me scratching my head. All of the analysts bang on about how high quality it is, yet it sells a commodity product in a growing but soon to be competitive environment. Maybe you could fill me in on what I am missing.
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