The broad based US S&P500 backed off marginally from its all-time high late on Friday but we see nothing to alarm us with regard to the markets health over the short-term i.e. equities have shrugged of a deluge of bad news through 2021 with an inflation spike the latest potential economic hand grenade, while the stock market can keep ignoring such events it must be still regarded as strong.
MM remains mildly bullish US equities
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