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Today we introduce a new format - in future we are going to separate strategy and put it in a section called STRATEGY SUMMARY distinct from other content.  At the moment we are at the lowest setting for MARKET RISK and are fully invested. No reason not to be. 

We will also, in response to  Member feedback, move these podcasts into a Members only section of the newsletter. If you are listening to these podcasts regularly I'm afraid you will have to SUBSCRIBE to access them in future. Not only is it commercial for us to do that but it is only fair on paying Members. We will effect that soon. 

The market is having a good day, everything on the rise except gold and lithium. If inflation has peaked as the market seems to think (bonds yields dropping fast) then gold may have peaked as well after its inflation hedge inspired rally recently. ResMed continues to breakout after the update last week. Resources and banks lead.