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Global Markets

US stocks surrendered their gains of the last 2-days overnight as recession fears intensified following very weak consumer confidence data, this time around a fall in bond yields wasn’t enough to support equities. We’re still looking for a choppy advance towards the 4100 area for the S&P500 index but we remain conscious that the trends down and surprises usually unfold with the trend.

  • MM sticks to our mantra that 2022 will be a year investors should focus on selling strength as opposed to buying weakness but if we were shorter term traders we would be buying around 3800.
IVV
MM remains neutral to mildly bullish US stocks short-term
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US S&P500 Index
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