Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Downgrading Europe to Market Weight; Europe Indexes Still Bullish (Price); Bullish Outlook Intact and more

In today’s briefing:

  • Downgrading Europe to Market Weight; Europe Indexes Still Bullish (Price); Bullish Outlook Intact


Downgrading Europe to Market Weight; Europe Indexes Still Bullish (Price); Bullish Outlook Intact

By Joe Jasper

  • Not much has changed since our latest Int’l Compass from May 31, 2024 titled “Buy the Pullback.” 
  • We were buyers of the pullback in global equities (MSCI ACWI, ACWI ex-US, EAFE, EM, Europe, Japan, Taiwan, etc.) with important supports holding, combined with ongoing healthy market dynamics.
  • Supports are holding, and our bullish outlook (since early-November 2023) remains intact. Continue to buy dips.

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