Last week US equities popped to fresh 11-week highs following the dovish comments from Jerome Powell, we see further upside potential as yields and the $US slip lower with the influential tech sector poised to play some noticeable catch-up into Christmas.
- At this stage we are targeting the 4200-4300 region with the extent of the gains likely to be determined by how much tech stocks can come back into favour.
MM remains mildly bullish on US equities into Christmas
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