US stocks traded mixed overnight with the small caps and the Dow noticeable solid performers, the bull market clearly remains intact. The twists and turns of indices over the short-term are largely guess work where the effort / stress is rarely adequately compensated. We remain very keen buyers of the next ~3,000 point pullback in the Dow when it inevitably occurs but the risk / reward from going long into today’s grind higher is not that compelling.
MM remains bullish US stocks medium-term
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