The XJO (ASX200) and the XLF (ASX top 50) continue to trend higher following the breakout which began in early December. We’re now up around 5% from the December low and we’re up over 20% from the 2016 low formed in January.
The XJO is trading 17.5x forward earnings on a 4% yield. Our focus will soon shift towards the upcoming US earnings which begin later this week.
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