US stocks rally overnight has them up for the week with only one session left illustrating yet again that the path of least resistance is up when all things are equal on the news front. We continue to believe stocks will rally into 2022 but are mindful of our 3 steps forward 2 back “feel” into the new year i.e. we don’t think the Dow will explode higher above 36,000 but we still like the “buy the dip and fade the pop” mentality i.e. de-risk slightly if / when we get new highs over the weeks / months ahead.
MM remains bullish US equities into 2022
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