Market Has Scope to Move Higher After Digesting Gains: Macklow-Smith

The discussion focuses on whether to emphasize the market pause or the recent rally, analyzing the rally's background and market conditions. It highlights the impact of last year's market swoon and the potential for upward momentum, with a particular focus on developments in the credit markets and the Chinese PMI. The speaker suggests that global growth may accelerate modestly, leading to further equity rally potential once current gains are digested.

What factors contributed to the rally mentioned in the text?

What was the significance of the date December 24th mentioned in the text?

How does the speaker perceive the impact of the Chinese PMI on global growth?

In what way does the speaker believe the first half of the year will differ from expectations?

What does the speaker suggest about the equity rally's potential for further movement?