October In Review: Growth Slips Value Rips
October was marked by a significant rotation out of tech, healthcare, and discretionary sectors into resources, driven by anticipation of an improving global outlook.
The month is often associated with increased volatility, and this year was no exception. The ASX200 index posted a total positive return of 0.39%, but beneath this headline result lies substantial and diverse price action.
Depending on portfolio positioning, October was either a month to remember or one to forget, given the significant disparity between sectors and individual stocks.
October characterised a big rotation out of tech, healthcare and discretionary sectors into resources in anticipation of an improving global outlook.
- The company mentioned is WISETECH GLOBAL LIMITED.
- It is included in various indexes such as ASX50, ASX100, ASX200, ASX300, ALL-ORDS, and ALL-TECH.
Author's summary: October saw a significant sector rotation.
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