US stocks are hovering over 8% above their monthly low as we approach the Fed’s next rate decision, we feel the markets factoring in some pretty hawkish news but that’s exactly what it’s likely to receive however moving forward we believe there’s a strong possibility of a relief rally once the news is behind us plus of course, the market is positioned bearishly.
- We like the improving internal strength of the US market but in a similar fashion to the ASX stocks that miss earnings, or are being too downbeat on their outlook, are being dealt with very harshly.
MM remains bullish on US equities into Christmas
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