MQG has followed the market lower in 2022 which enabled MM to go long with decent risk / reward. This is a great company that has a history of reinventing itself to suit the ever changing macro backdrop and we believe it will again as interest rates and volatility rise. Similar to CBA assuming the market can hold together into FY end we wouldn’t be surprised to see new all-time highs over the months ahead, or at least 15-20% higher.
MM is long and bullish MQG
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