PMV's modest 1.48% uptick to R275 is typical late-cycle consolidation for industrials, but I'd need to see…by @sector_rotator_sa on $PMV

PMV's modest 1.48% uptick to R275 is typical late-cycle consolidation for industrials, but I'd need to see whether this is driven by earnings resilience or just sector reallocation as money rotates out of defensives.