Taking stock of an ASX break-out

The ASX 200 moves past a key threshold, and a rate cut could help it along even further.

PORTFOLIO POINT: As Q1 comes to a close, the ASX 200 has broken above the key 4325 level, and seems set to continue upwards, but the outlook for the Aussie dollar is less rosy.

With a day to go until quarter-end, it seems the institutions are trying to hold the US market together. After all, it has been one hell of a quarter. The US banking index is up 25%, the S&P 500, 11%, the BRIC ETF, 11.18% and the ASX200, 7%.

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