Again no change, with the S&P500 slipping just -0.57% overnight with all 11 sectors closing in the red following a weak CPI number (inflation). Our core views into 2022 remain in play:
- MM is bullish US stocks potentially looking for a test of 5,000 by the S&P500 in 2022.
- We believe the value stocks will drive these gains as the reflation / recovery story gathers momentum.
- However after rallying steadily over the last 12-months we can envisage some short-term weakness hence we are looking to buy dips in the coming weeks.
MM is bullish the S&P500 medium-term
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