Test / MM remains bullish US equities – for now!

By Market Matters 05 June 19

MM remains bullish US equities – for now!

We are now bullish US stocks with a technical target for the tech based NASDAQ back towards, or slightly above its 2019 high, the risk / reward is now ok for the bulls.

Currently markets are enjoying another fresh bout of dovish global central bank intervention / rhetoric as we enter the next cycle of decreasing increasing interest rates.

We will remain bullish stocks but on the lookout for when / if investors lose confidence that central banks can stave off a global recession.

US NASDAQ Chart