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 rallied +3.2% last week enjoying strong gains by the ETFS Battery Tech & Lithium ETF (ACDC) +7.2% and the Global X Copper ETF (COPX US) while our Physical Uranium Trust (U-U CN) -0.5% was the only position to fall.
The pieces of the MM jigsaw continue to come together nicely and were now looking to increase “risk” positions into current weakness on the backfoot i.e. accumulation style:
- We looking to re-entering the ASX traded BetaShares NASDAQ ETF (NDQ) into the current weakness, probably in two blocks of 5%.
- We are looking to enter BetaShares Treasury Bond 20+ year ETF (GGOV) into current weakness around $16.50, again probably in two blocks of 5%.
- Our ProShares Ultra Short Yen (YCS US) position has rallied nicely, the Yen recently hit another 24-year low against the Greenback, which is already close to our profit target hence subscribers should expect us to press the sell button in the near future.
