No change, another choppy and mixed session for US equities overnight with the S&P500 ending slightly lower, we continue to feel US stocks are consolidating their recent strong gains before they should eventually find a base to rally into Christmas. Our overall stance hasn’t changed, we’re very keen buyers of any dip towards 4600 but conversely we will consider fading a rally towards the 4800 area i.e. buy the dip and fade the pop.
MM remains mildly bullish US equities into 2022
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