US indices recovered strongly on Friday night to end the week mildly lower, this feels like another solid result considering the extremely hawkish 9.1% CPI print on Wednesday – the highest rate in over 40 years!
- We continue to target a test of the 13,000 area for the NASDAQ 100 Index i.e. its early June swing high.
MM is bullish US equities short-term, targeting ~6% higher for the Tech Sector
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