JSE Where are we at?
Starting 2021 we find that the recovery from the Covid lows is still in progress. After a pullback and low formed in October 2020 we are seeing another push higher. Resources are again showing the most strength with a nearly 40% rise. However, financials are also recovering well at this stage but industrials are lagging. Over the holiday period, we have seen a push higher on lower volume but now we are finding a shoring of the stride. Watch for the next pullback in 2021 for the next opportunities.
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