In today’s briefing:
- Hang Seng and MSCI China Bottoming — Add; Europe Still Leading; Shift From U.S. To Non-U.S.
Hang Seng and MSCI China Bottoming — Add; Europe Still Leading; Shift From U.S. To Non-U.S.
- We remain neutral on global equities (MSCI ACWI), we believe upside remains limited with the MSCI ACWI (ACWI-US), S&P 500, and several European indexes still below major resistance.
- We continue to expect rangebound price action in the months ahead on the MSCI ACWI.
- And, rangebound price action could very well be the theme for all of 2023 (with resistance at $93 and support at $75-77 on ACWI-US)
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