US stocks were closed overnight for Memorial Day hence we thought it was a good time to stand back and look at the big picture post the GFC, a couple of standouts to us:
- The trends bullish and at this stage stocks are accelerating to the upside suggesting buying pullbacks is the best way to add value / alpha.
- However pullbacks of 200-points, or more, for the Russell 3000 (broad index) have been occurring every 30-months and the market hasn’t taken a meaningful backwards step since March 2020, over 15-months ago, implying we’re now in the second half of this post COVID surge.
MM remains bullish US stocks medium-term
