Author: james Carter
Last night global equity markets continued to surge with the S&P500 making the fresh all-time highs we have been forecasting all-year. Hopefully the local ASX200 will regain some much needed “mojo” into Christmas, it currently sits 4.9% below this year’s high, 12.1% below its 2015 high and a horrible 28% below its all-time high. On the index level at MM we channel a significant part of our energy into tracking the US market for 2 main reasons:
Great to see more questions flow in over the last week or so with a broader topic base – not just around the implications of Trump – although one has crept through the cracks! Firstly though, lets re-cap our view both in the very short term and for the end of CY16 and early CY17.
Today we are going look at the 13 stocks in the MM Portfolio hopefully giving clarity on our current thought process and plan moving forward. However firstly we will recap our medium term view for stocks which obviously has a significant bearing on our investment intentions over coming months / years. We have used the Russell 3000 quarterly chart to illustrate our views as it’s longer term and a broad index being based on the 3000 largest US listed stocks by market capitalisation.
Really bullish, there's more to go in the reflation rally
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