US stocks unravelled after the Feds press conference this morning but in line with November’s usual seasonal swing, we are not surprised. Once the market has had 1-2 weeks to digest Mr. Powell’s comments we believe it will realise that he said nothing particularly new and looking forward he has opened the door, albeit slightly, to smaller moves in December and into 2023.
- Jerome Powell with one quick statement managed to undo over 30% of the last few week’s efforts on the upside but we believe it’s providing a buying opportunity.
MM remains bullish on US equities into Christmas
Add To Hit List
