US stocks continue to grind higher with no sell signals in-sight and although most of the heavy lifting is being done by the mega-cap tech stocks the broad based Russell 3000 Index still continues to post fresh all-time highs with almost boring monotony. Similar to the local market we are keen buyers of pullbacks by US stocks but 2nd guessing when such a move against the trend will occur is an unnecessary and dangerous “game”.
MM’s remains bullish US equities medium-term
