US stocks slipped overnight but we still see the currently out of favour tech stocks constructive, albeit in a rapidly maturing bull market. Our preferred scenario is the NASDAQ comes back into favour and we see a 8-10% rally from current levels but importantly MM is likely to reduce our exposure into such a move both locally and overseas – this be definition probably implies a rest / pullback in bond yields.
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Performance update for March, stocks that drove returns & our current positioning
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Tuesday 23rd April – ASX200 +26pts, Northern Star (NST), Chrysos (C79), Brambles (BXB)
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Market Matters Research Lead Shawn Hickman with David Koch
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Tuesday 23rd April – DOW up +253pts, SPI up +19pts
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MM is bullish US Tech short-term
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Tuesday 23rd April – ASX200 +26pts, Northern Star (NST), Chrysos (C79), Brambles (BXB)
Daily Podcast Direct from the Desk
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
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Tuesday 23rd April – DOW up +253pts, SPI up +19pts
Daily Podcast Direct from the Desk
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