As bond yields have pushed higher in recent weeks, following global central banks hawkish tone, we’ve seen capital rotate out of yield sensitive names such as infrastructure and property and into financials & resources.
The rotation now leaves property stocks approaching an oversold price zone.
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The chart below provides a broad-based picture of the listed property stocks within the ASX 200, via the SLF.AXW (SPDR ASX200 Listed Property ETF).
Our Algo Engine has triggered a buy signal at or near $12.00.
