Wishing You A Happy and Safe Easter

In February, the market decided AI had made software obsolete and sold the sector down the river. Six months later, short sellers are cowering and reporting season is separating the genuinely disrupted from the merely unloved.

The ASX 200 took a step backwards this week as results season put the brakes on its recent rally. Weakness in the banks has raised the risk, potentially opening the door to a quick 4% correction.

History doesn’t repeat exactly, but resource bidding wars have played out three times in the last 125 years, and the pattern each time was strikingly similar.