US stocks slipped lower overnight but they closed well off their lows, a good sign that at current levels the market can absorb bad news such as further hawkish comments from Fed members. If equities can withstand talk of higher interest rates from prominent players the path of least resistance is still feeling on the upside.
- We are bullish on US stocks into Christmas with an initial target around 4200, or 6% higher.
MM remains bullish on US equities into Christmas
Add To Hit List
