I don't believe the market is taking 3 x 25bps increases into...

I don't believe the market is taking 3 x 25bps increases into account in terms of RBA... I think the consensus is more next week (near certain) pause then potentially one more April/May after next quarterly CPI if needed.

Further given the forward looking nature of the market timeframe id considered it 'priced in' versus the uncertainty much early in the rate rise cycle of where the terminal rate is.

having a look the Nasdaq is up 14% since January 1st. last nights FED decision. market if anything is pricing peak of inflation and approximate near terminal rate and already looking past that.

this is one of the reasons im bullish on MP1 at current levels... its akin to people not fixing their mortgages at 2% when the cash rate is 0.1 and the bank spread was 2% how much lower did they think it was going to go.

there will be upside here in alot of beaten up tech and wont take much of rotation back in to be rewarded... all IMO and not advice none of the above is any way specific to MP1s fundamentals.