US stocks experienced continued selling overnight although the momentum has reduced, worries have now switched to the latest US Jobs Report which comes out tonight, after the FED & BOE moves/comments this week investors have again started to adopt an “if in doubt stay out attitude”. It was encouraging to see investors step in and buy weakness but common sense would say it will need a few weeks for the market to regain its recent mojo as it second-guesses central banks into 2023.
- We can see some consolidation short term as the market forms a platform to push higher into Christmas.
MM remains bullish on US equities into Christmas
Add To Hit List
