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SPI Futures are down 37 but the market is down 73 – BHP ex-dividend – the US drop follows a 3.6% fall in Apple and another rise in bond yields on the back of hotter-than-expected ISM Services numbers. Hmmm. Just can’t seem to get this “Peak Rates” narrative to stick. Our ideas portfolio will look a bit dented this morning as the NASDAQ drops 0.88%.

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