US stocks retreated overnight following inconclusive mid-term results and another savage set of declines across crypto land, the Dow closed down 646 points with weakness across all 11 sectors. The combination of the midterms, crypto weakness and a couple of disappointing earnings reports was enough to see risk sentiment take a back seat ahead of the next set of key inflation data but after 3 strong days, the decline wasn’t anything too scary.
- No change, we can see some further consolidation short term as the market forms a platform to push higher into Christmas.
MM remains bullish on US equities into Christmas
Add To Hit List
