No change, the extremely influential US large tech stocks continue to drag the broad index ever higher with the S&P500 almost posting daily fresh all-time highs, it looks set to enjoy 7 straight monthly gains, the best period in over 2 ½ years :
- MM is bullish US stocks potentially looking for a break of 5,000 by the S&P500 into 2022.
- However after grinding ever higher since May we can envisage a healthy 6-8% pullback in the coming months hence our short-term stance towards most global indices has switched to a more neutral one, but definitely not bearish.
MM is neutral the S&P500 short-term but bullish into 2022
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