I’m sticking my neck out here and calling that we have reached a bottom. Carefully been watching my portfolio and watchlist and not only has the selling subsided this week but the buying has started to counteract this.
Been checking the graphs on S&P ASX small index v ASX 100 index which is now reaching unprecedented distance levels between the two.
https://www.marketindex.com.au/asx/xso
Add the fact that interest rates now look liked they have peaked which is a traditional trigger for the small cap to start outpacing the blue chips and we have now have all the ingredients for a reversal shortly
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