US stocks rallied after the latest Fed minutes led by the NASDAQ 100 which closed up +0.5%, the S&P500 made fresh 10-week highs on the less hawkish minutes but after already bouncing +14% from its October low the upside momentum is muted for the broad index.
- we are bullish on US stocks into Christmas with our initial target around 4200, or 5% higher.
MM remains mildly bullish on US equities into Christmas
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