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Global Markets

US stocks experienced another mixed session overnight as short-term bond yields edged higher exerting pressure on the large tech names, conversely the energy and financial stocks were firm supporting the Dow in the process.

  • Our preferred scenario is the S&P500 will test the mid-November low before forming a base to rally in Christmas / 2022 but I reiterate we believe the bull market is maturing fast.
IVV
No change, MM is mildly bullish US stocks into Christmas
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US S&P500 Index
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