US stocks surged higher overnight led by tech which soared over 7%, as we’ve alluded to at length fund managers are underweight equities and especially tech, as we saw last night with the NASDAQ surging +7.5% if bond yields continue to slip lower these large positions are simply wrong and will need to buy, and fast!
- We are bullish on US stocks into Christmas with an initial target around 4200, or 8% higher.
MM remains bullish on US equities into Christmas
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