US stocks fell away this morning led by the tech-based NASDAQ which dropped by -1.45% on fears the Fed will back off on rate hikes later than hoped, either way in our opinion we are close to the end of this particular cycle although what 2023/4 holds will be determined by a range of factors.
- We are bullish on US stocks into Christmas with an initial target around 4200, or 5-6% higher.
MM remains bullish on US equities into Christmas
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