MM thoughts on ASX 200

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Question asked 08/02/2021

MM thoughts on ASX 200

“G’Day again. Doesn’t the below quote directly oppose your recent view??? Bit confusing. February 7^th: However we will undoubtedly reduce our “risk” exposure at some stage but today the bull market and momentum remain solid, I actually feel the easiest / most comfortable position is to sit in cash citing a host of economic / valuation reasons to abandon stocks but this has been a bad idea for years and one best kept on ice in our opinion” - Waz

Answer

Morning Waz,

Sorry if the is a little confusing, in summary we are bullish short-term but do anticipate a decent 10-15% pullback in 2021 before running higher intro Christmas hence we are staying long but envisage moving down the risk curve at some stage later in the year.

MM is remains bullish short-term

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ASX 200

LAST UPDATED 08/02/2021 10:52

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