US stocks erased early losses overnight following the release of the Fed minutes which appeared to contain no surprises letting stocks breathe a sigh of relief. The big question of whether the great rotation out of bonds into equities remains in play after stocks had their worst month in over 12-years, we think on balance it probably is but 2022 /23 looks set to be a very volatile years as opinions differ on an almost month to month basis. At the stage of the cycle MM believes too many bears have positioned themselves for accelerating rate rises over the coming years leaving room for surprises to hurt these hawkish investors / traders i.e. net bullish.
MM remains bullish US equities over the coming months
Add To Hit List
