US indices fell overnight with “risk off” remaining the dominant game in town as the Fed continues to bang its hawkish drum. The S&P500 dipped to fresh 2022 lows in the early hours this morning as stocks demonstrated how fragile rallies remain at this stage i.e. further, but nothing new, comments from Fed officials were enough to see US stocks relinquish early gains in excess of 2%.
- We believe stocks are looking for a low but the trend is strong and a change in sentiment may take a few weeks.
MM is bullish US stocks into Christmas
Add To Hit List
