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The world reverses for a day - Tech, pandemic beneficiaries and Gold up, the recovery sectors down.  The excuse is a one night fall in US bond yields prompting the debate - is this a "Bottom or a Blip" in all the FOMO momentum stocks. We think its a "Blip" for now - the bigger theme is still the recovery theme and the low risk medium term play in travel, energy, resources and banks is not going to be knocked off its rails by one night of interest rate reversal. Having said that we have added to our APT holding on weakness and when you look through all the pandemic beneficiary charts in the STRATEGY piece today you too might fund some technical temptation. Philip Lowe spoke this morning. Standard stuff.  The OECD upped GDP growth forecasts overnight - the trend of GDP upgrades continues.