US stocks rallied overnight with the “risk on” sectors dominating the gains, a test of 3900 and probably 4000 by the S&P500 in the coming weeks / months has that feeling of inevitability about it. The usual seasonality is up strongly into April before some “wobbles” through May & June, at this stage the momentum might just make 2021 a typical year which could make 4000 a very conservative target over the coming months.
MM remains bullish stocks / risk assets through 2021
