When we stand back and look at global stocks over the last 20-years the acceleration since the pandemic has been amazing until of course we consider how much “free cash” has been pumped into the economic system by central banks. Pullbacks are inevitable but the current momentum is hard to argue against even if central banks are hoping to rein in their unprecedented economic stimulus into 2022, a time to be open-minded and flexible but not bearish in our opinion.
MM is bullish Global Equities
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