The S&P500 popped over 3% on Friday night helping US stocks to their best gain in a month, the strength was triggered by short-term US bond yields falling the most in one week since May 2020 i.e. recession fears are now dominating. It’s amazing how bad news can be interpreted as good but when stocks have been hammered for over 6-months on rising interest rate fears anything, including a potential recession, that brings yields lower is being embraced.
MM is bullish US equities short-term, targeting the 4100 area, another 6% higher
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