US stocks rallied overnight following strong economic data with the retail and discretionary spending stocks not surprisingly leading the line. New highs feel inevitable in the coming week (s) although we’re not convinced the recent consolidation is complete however the rhetoric remains the same for now i.e. “buy the dips and fade the pops” with the former of the two the most definitive as its simply following the trend.
No change, MM is mildly bullish US stocks into Christmas
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