US stocks now look very capable of making another fresh 2022 low in the coming week (s) but we still believe the market is “looking for a low” and brave buyers will be rewarded through Q4 – we wrote a few times this month that the S&P500 was dragging the chain on the recovery front, and new lows shouldn’t be dismissed, and alas the observation has been on point:
- After the pullback since mid-August MM remains bullish on US stocks but another test on the downside wouldn’t surprise i.e. buy weakness, don’t chase strength.
MM remains bullish on US equities into Christmas
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