The Aussie has slowed its decent from the 80c region although there are no clear signs of a low yet, our preferred scenario remains we see a base ~70c before another leg higher towards 90c in line with our reflation view but this is likely to take a few years assuming we are correct, hopefully just in time for some post COVID overseas holidays!
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM believes the $A is looking for a low
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