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The COB from ausbiz
A third consecutive day of solid gains for the local market with the ASX 200 index up 1.8% and a healthy 9% since the start of last week.
Season 1, Ep. 133
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The rotation to cyclicals continues with the banks, in particular, in favour. CBA was out with its quarterly update and despite Q1 profit down 16%, loan deferrals were down so shares closed up 2.8%. Energy names also had a good day, while gold and consumer discretionary had another rough one. S&P 500 futures are currently up 0.1%.Our top three VODs today are:
REITs and their long list of tailwinds
It's difficult to justify any of the BNPL stocks
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