Zmemed
Don't think it is any one factor.
More that instos are taking a little money off the table.
( all sectors )
There has been a great run since march and perhaps they see it as a prudent time to reweight there exposure.
We will ( as usual ) all know when it becomes obvious, till then we are just guessing. ( some guesses are more educated than others )
(Look at the xao)
I have reduced my positions. And am short ( short term BHP/RIO)
Time will tell
cheers
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