Overnight we saw US stocks experience a choppy session swinging between positive and negative territory with the latter ultimately winning under the weight of external pressures plus nerves ahead of this Thursday’s inflation print. This was the 4th day of declines for US stocks but the downside momentum is slowly waning although weakness in the semiconductors following Biden’s strong stance towards China dragged the tech-based NASDAQ down 1%.
- We still believe US stocks will test their August highs into Christmas but it’s likely to be a volatile journey i.e. current upside of 15-20%.
MM remains bullish US equities into Christmas
Add To Hit List
