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Global Markets

US stocks experienced a volatile session overnight as rising oil prices and bond yields sent growth stocks and in particular tech running for cover, by the sessions end the NASDAQ had failed to bounce closing down 2.6%, I can literally feel the nerves building in this crowded space, we remain confident towards our elevated volatility call but short-term we can see a decent bounce for tech if yields slow on the upside.

MM remains mildly bullish US stocks into 2022
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US NASDAQ 100 Index
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