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Bullish Doji Candle


Are Growth Stocks Too Expensive?


Still In Consolidation Mode

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  • Looking to today's events, there will be some focus on the European final PMI manufacturing data (but this is largely pre-Omicron so unlikely to be hugely market moving). There will be more attention on the US ISM manufacturing data (given that a faster Fed taper seems to be back in play) while we also receive ADP employment data.
  • We are also due to hear from both Fed's Powell (as he follows up his testimony to the Senate with a testimony to the House) and BOE's Bailey (who is speaking on insurance regulation).
  • The market will continue to remain focused on any new data on the Omicron variant - vaccine efficacy, severity of illness and transmissability.