US stocks were dragged higher by the Energy Sector overnight with the S&P500 finally closing up just +0.15% as the tech stocks slipped lower ahead of company reports and the FOMC on Wednesday i.e. anything too hawkish could see the recent bounce by the growth stocks abandoned in a flash.
- Earnings season is proving supportive of stocks but this will definitely be tested by the tech mega caps in the coming days.
MM is mildly bullish US equities over the coming weeks but the “easy money” is behind us
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