Overnight we saw US stocks experience a choppy session but an overall positive one as they liked the Fed’s move to act more aggressively now to hopefully put a cap on inflation early. We’ve often been critical of central banks being ‘behind the curve’ when it comes to inflation forcing them to hike more aggressively than they & the market would like. The move overnight by the most influential central bank in the world was a good one but importantly, it paves the way for others to follow.
MM remains mildly bullish US equities into 2022
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