The US S&P500 had basically gone nowhere since April before last week when it again broke out to fresh all-time highs, conversely the ASX drifted last week and is set to test many investors nerves both this morning and through the week. If we see some panic by local stocks in the wake of the lockdowns MM will be looking to buy the “ASX200 & sell the US S&P500” for our Global Macro ETF Portfolio: Click here to view
MM is a keen buyer of the ASX v the S&P500 if the spread widens by more than 5%
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