The ASX200 is set to open basically unchanged this morning with the Feds FOMC decision looming large on Wednesday US time, after falling almost 6% from its August high we believe the risk/reward has swung around in favour of the buyers – the ASX has outperformed the tech-heavy S&P500 which has fallen more than 11% over the same period.
- No change, we still believe equities will be higher come the end of 2022 although a test of 6600 this week wouldn’t surprise in what’s likely to be a volatile 4 trading days.
- We remain a buyer of the current weakness until further notice as we look to migrate MM’s portfolios back up the risk curve for the remainder of the year.
MM is bullish the ASX200 into Christmas
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