US stocks continue to grind higher climbing an invisible wall of worry, in simple terms the combination of liquidity and a strong corporate American is winning the arm wrestle against the Delta Strain and concerns around the Feds policy stance moving into Christmas.
- MM is bullish US stocks potentially looking for a test of 5,000 by the S&P500 in 2022.
- However after grinding ever higher since May we can envisage a healthy 6-8% pullback hence our short-term stance towards most global indices remains neutral this week.
MM is neutral the S&P500 short-term
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