Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Bullish Outlook Intact; Downgrading India; Buys in Materials and more

In today’s briefing:

  • Bullish Outlook Intact; Downgrading India; Buys in Materials, Energy, Discretionary, Industrials


Bullish Outlook Intact; Downgrading India; Buys in Materials, Energy, Discretionary, Industrials

By Joe Jasper

  • The bullish outlook for global equities (MSCI ACWI) that we initiated in early November 2023 remains intact; continue to ride this trend higher.
  • Many of the heavily-weighted countries in terms of global market capitalization (U.S., Europe, Japan) are extended; we’d welcome some consolidation, though it may come from higher levels.
  • Ultimately, market dynamics remain healthy, and we would treat pullbacks as buying opportunities. Downgrading India to market weight. Actionable Themes: Global Materials, Energy, Consumer Discretionary, and Industrials

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