Three ideas we are considering as we enter March

As global equities continue to post new all-time highs, we have to embrace the bullish trend until further notice; from a technical perspective, the MSCI World Index is in a “buy the dip” cycle unless we see a break back below the 3150 level, or just over 6% lower. Many investors, including ourselves, thought equities might struggle to add to their late 2023 gains, but the grind higher has been unrelenting, and as the likes of the Nikkei and Bitcoin have demonstrated, there’s plenty of money looking for a home, remember the more than $US2.5 trillion in cash reserves being held by private equity looking for an opportunity, enough money to buy the ASX200!

Hence, after holding higher cash levels through reporting season, MM is now looking to increase our exposure to potential further gains by stocks as the macro “sweet spot” looks capable of delivering an excellent year for investors. Today’s report has looked at three ideas MM is considering for our Active Growth Portfolio.

• We can see further upside for equities unless investors lose confidence that inflation is under control.