Last week saw US equities bounce back towards the psychological 4000 area which has acted like a magnet over the last 12 months, our preferred scenario is another ~5% upside to fresh 5-month highs.
- At this stage we are still targeting the 4200 area with the extent of any gain still likely to be determined by whether the influential tech/growth stocks can come back into favour.
MM remains mildly bullish on US equities into H2 of January
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