Marcus Bogdan, CIO of Blackmore Capital discusses on Ausbiz the drivers of the most recent equity rally and areas of investment opportunities. Over the last couple of weeks we have witnessed a sharp rotation of market leadership towards value and cyclicals. Falling infection rates and stronger than expected economic data has nourished current market sentiment. Healthcare stocks have underperformed in the most recent rally, providing an opportunity revisit the defensive growth companies, such as Ramsay Healthcare (RHC).