The ASX200 soars! Is it time for the Christmas rally?
The ASX200 surged 114 points (2.29%) yesterday, it's the last rally over 100 points a day was in September BUT it's certainly a long time since the market felt so bullish. The local index is dominated by the banks and they rallied almost 2.5% guaranteeing a strong day, especially with the energy sector gaining 4.6%. Two sectors that have had a shocking year (banks -8.3% and energy -33.6%) rallying for one day does not make a summer, but it does make a pleasant change! Let's just stand back and consider the facts and then were look at some stocks that have struggled in the Market Matters portfolio. (VIEW LINK)
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