Hi Niclous, was that 2nd week of March perhaps?
I like that others are bullish, however, I remember hearing others saying it's in a holding pattern on YMYC. What also concerns me is that we gap up high on the open, and close weak, but so has the XJO mostly this week. Anyway I'm not a technical trader so I haven't a clue.
What appeals to me is the fundamentals, in that MQG always has a stronger 2nd half of the year and a good portion (the number escapes me now) of its earnings are overseas. Great beta to the market, and what I am waiting for is when that savings number from households finally falls, when the economy starts to bottom out. Could be a while, but I really like being exposed to the investment managers and fund managers in this macroeconomic period.
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