In today’s briefing:
- Bullish Reversals Continue: TAIEX, KOSPI, AEX, Hang Seng, CSI 300. Buy Cyclicals/Growth on Pullbacks
Bullish Reversals Continue: TAIEX, KOSPI, AEX, Hang Seng, CSI 300. Buy Cyclicals/Growth on Pullbacks
- The bear market rally that we have discussed since our Sept. 29 Int’l Compass has managed to surpass our price targets, which were YTD downtrends on the ACWX-US and EFA-US.
- As a result of these bullish reversals and breakdowns on the US dollar (DXY) and 10-year Treasury yield, we are upgrading our outlook to neutral.
- Buy ideas on a pullback in: Consumer Discretionary, Energy, and Technology/Tech Services
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