MM is looking for VUK to test the $4.20 area but it feels heavy whenever it pokes it’s head above the psychological round number, we are planning / hoping to close this position around $4.20 in line with our outlook that bond yields will struggle in the months ahead i.e. a headwind for the banks. After last nights weak performance in Europe it’s unlikely to provide us with the opportunity this morning. We own VUK in our Flagship Growth Portfolio.
MM is targeting the $4.20 area for VUK
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