In today’s briefing:
- Remain Overweight Japan and India; Key Supports Holding; Buys in Energy, Tech/Services (India)
Remain Overweight Japan and India; Key Supports Holding; Buys in Energy, Tech/Services (India)
- We remain bullish global equities if the major $93 support level on MSCI ACWI (ACWI-US) continues to hold (1+ year base support and the 10.5-month uptrend)
- The 10-year Treasury yield remains below 4.35% resistance (a positive), but the DXY is climbing above $103.70-$104.70 resistance, and $105.70 is the last line of defense (9-month resistance).
- Japan and India remain top overweights, with many of today’s buy recommendations from these countries (Real Estate, Energy, Tech/Services, Discretionary). Also downgrading Taiwan and Greece to market weight.
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