US stocks faltered overnight as the prospect of earlier rate hikes weighed on the influential tech stocks, it was always a case of when not if rates were going higher so I cant see this being taken as overly fresh news. The trends up and strong hence we see no reason to change our “buy the dip and fade the pop” stance i.e. at this stage we wouldn’t be chasing new highs but a dip back by the S&P500 under 4650 would be tempting.
MM remains mildly bullish US equities into 2022
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