SHORT TERM MARKET CALL >>> TAKE PROFIT | • Rate cut outlook already in the price while we expect it to be left unchanged with housing bubble...

SHORT TERM MARKET CALL >>> TAKE PROFIT | • Rate cut outlook already in the price while we expect it to be left unchanged with housing bubble worries • Market getting pushed by global investors to post GFC high level while the buying support may end soon • No rate cut will push currency up and make the global investors take a back seat • Federal government likely to be a lame duck leadership in the short/medium term even with leadership change • EU QE optimism is in the price and reality of the growth downgardes will come through • US market indices have all fallen below 100 day MA again with growth worries after a big year in 2014 • Despite the strength in USD, Spot Gold is holding up due to investors seeing market risk in Europe and Asia • Aussie reporting season will bring higher risk with negative surprises likely to see decent sell offs • The market darling yield stocks like TLS and CBA look stretched with yield dropping to 4.5% • Financials are now near 30 year historical high weight for any major sector (i.e. 45% of the index)