Business
BoFA survey finds fundies back inflation over disruption – The Australian Financial Review
A new survey of fund managers underscores the shift away from tech towards cyclicals. But will the herd go too far?
Crude oil briefly jumped back above $US70 a barrel on Tuesday night and is up 35 per cent since the start of the year. Copper jumped 2¢ to test record highs at $US4.73 a pound and iron ore just keeps on keeping on, rising 3.1 per cent on Tuesday night to $US224 a tonne.
Commonwealth Bank shares, up 17 per cent since the start of the year and 40 per cent in the past 12 months, continue to test the psychological barrier of $100 a share. BHP shares are up 45 per cent over the past year, and copper…
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