Overnight was a firm session for US indices ahead of their reporting season which saw strength in the Resources & Banking Sectors, similar to our own yesterday. The Dow is now trading within 0.3% of its all-time high, a bridge that looks likely to be crossed in the coming week however we remain neutral around current levels which is no big call considering the index hasn’t moved anywhere in 2-months plus upside momentum since its current leg higher started last September is slowly but surely deteriorating.
MM remains a keen buyer of US stocks into any meaningful weakness
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