The broad based US S&P500 posted record highs yet again on Friday, a very regular statement over the last 18-months. MM’s initial target for this current leg higher has been the 4650-4700 region hence since we are only 1-2% away we have dialled back our stance to mildly bullish but importantly the trends up and surprises do usually unfold with the trend.
MM is mildly bullish US equities
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