US stocks enjoyed a long weekend courtesy of Memorial Day on Monday, although the futures market did edge higher.
- The US Russell 2000 is set to test the 2200 area in the coming weeks, another 5% higher.
MM is cautiously bullish towards US small-caps short-term
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The EURO STOXX closed up +0.5% overnight in the absence of influences from the US &/or UK. There is no reason to fight this bullish trend at this stage, with new highs looking likely in the coming weeks.
- We are targeting the 5400 area for the EURO STOXX, or 7% higher.
MM remains cautiously bullish toward European equities
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