The Market Matters Global Macro ETF Portfolio Tracks our top 10 global macro calls, and provide avenues to trade them via ASX and internationally listed Exchange Traded Funds (ETF’s) – Click here to view
The MM Global Macro ETF Portfolio added +0.67% last week enjoying strong gains by the Short Yen ETF (YCS US) +8.8% and Sprott Physical Uranium Trust (U-U CN) +4.2% while our Aussie Dollar position dragged the chain (AUDS) -3.5%.
The pieces of the MM jigsaw are coming together nicely and we continue to envisage ourselves increasing “risk” positions into further weakness but as we’ve alluded to previously patience feels prudent for now – just!
- We are considering re-entering the ASX traded BetaShares NASDAQ ETF (NDQ) into further weakness – the NASDAQ is enduring its worst pullback in 6-years with the ETF down over 9% from its August high.
- Our Proshares Ultra Short Yen (YCS US) position has rallied nicely, the Yen hit another 24-year low against the Greenback overnight, this is already close to our profit target where subscribers should expect us to press the sell button, potentially at the same time that we buy the NDQ.
If we are correct on the markets run into Christmas bonds should be close to a bottom, and yields a top, a counter-trend position we are considering:
