US stocks enjoyed a strong session overnight with the major indices advancing over 2% putting last weeks panic low in the rear view mirror , at least for now. The buying was most noticeable in some of the beaten-up tech stocks including Amazon Inc (AMZN US) +4.1%, Tesla (TSLA US) +5.1% and JD.Com +4.2%. While we aren’t convinced the markets have seen a meaningful low we have definitely migrated to a “buy the dip” stance looking for decent market strength over the coming weeks.
MM is neutral to bullish US stocks short term
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