In today’s briefing:
- Upgrading Spain to Overweight; EM Uptrend Break; Buys in Discretionary, Financials, Materials
Upgrading Spain to Overweight; EM Uptrend Break; Buys in Discretionary, Financials, Materials
- We had a near-term bullish outlook on MSCI ACWI (ACWI-US) and the S&P 500 (SPX) from 4/22/25 to 11/18/25.
- After being near-term neutral for a week, we flipped back to bullish in our 11/25/25 Compass, all while maintaining our intermediate-term bullish outlook (as of our 5/14/25 Compass).
- We will stay near-term bullish as long as crucial support levels of 6480-6520 on SPX and $134-135.70 on ACWI-US continue to hold
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