The Runners Take a Breather

Real Estate: Most large cap real estate stocks have rallied around 30-50% since last October. But it wasn't until March that names (HMC, SGP, SCG, CIP, CHC etc.) started to cross into 52-week high territory. The sector hit a wall earlier this month as bond yields started to tick higher on hotter-than-expected inflation data.
Banks: The Big Four Banks were hitting fresh yearly highs almost every week between January and March. Most have pulled back around 3-5% from recent highs.
Discretionary: The retail sector was all the rage during February reporting season. Stocks like Wesfarmers, JB Hi-Fi and Lovisa surged to record highs on better-than-expected first-half FY24 earnings. Momentum for the sector started to stall around late March.
Industrials: Industrials was another sector that delivered during reporting season, led by names like Reece, Reliance Worldwide, Ventia Services and Smartgroup. The sector topped around early-mid March. $BHP Group Ltd(BHP.AU)$ $Pilbara Minerals Ltd(PLS.AU)$ $Rio Tinto Ltd(RIO.AU)$ $CommBank(CBA.AU)$ $Appen Ltd(APX.AU)$ $Westpac Banking Corp(WBC.AU)$ $Woodside Energy Group Ltd(WDS.AU)$