Let's go Australia! Buying Aussie stocks back again.
We have spent the entire year bearish on the Aussie economic growth outlook, today in our data, things have changed. The leading indicators our models generate to discover trends in economic expectations have started to improve, which are now breaking above our forecasts and giving us reason to be positive on the Aussie growth outlook, leading us to close the short positions we have held for over a year and today have been buying ASX 200 futures to gain exposure to the economic strength we are seeing that is on the improve. Below is the chart of our Australian growth expectation models, as you can see, our leading indicator has just popped up above our forecasts. Read more.. (VIEW LINK)