Arror Fund – Feb’21 Estimate & Commentary

I think I have a little bit of Déjà vu…again!

The market finished the last day of February pretty close to where it finished the first day of February. An early-month grind up, then a
particularly savage capitulation on the last day of the month (S&P ASX 200 -2.3%).

The overriding thematic was the ‘hockey stick’ increase in bond yields globally….