Again no change, with the S&P500 slipping just -0.3% overnight but large tech maintained its role as market backbone with the NASDAQ edging +0.15% higher. Our core view into 2022 remain in play:
- MM is bullish US stocks potentially looking for a test of 5,000 by the S&P500 in 2022.
- However after grinding ever higher since May we can envisage some consolidation hence our short-term stance towards most global indices remains neutral.
MM is bullish the S&P500 medium-term
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