ZmemedDon't think it is any one factor.More that instos are...

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