In today’s briefing:
- Value Sectors Take The Lead On Rising Global Yields; Buying Energy and Financials
Value Sectors Take The Lead On Rising Global Yields; Buying Energy and Financials
- Commodities (ex. precious metals) and global yields are on the rise as the US dollar (DXY) deteriorates. Additionally, EM equities (EEM-US) display a bullish RS reversal relative to MSCI ACWI.
- These are all important risk-on signals for global equities that continue to support our neutral yet constructive outlook. We expect more consolidation and mixed markets ahead.
- Two Sectors that stand to benefit most from rising rates include Energy and Financials. We recommend adding exposure to these Sectors as we see a shift in favor of value.
Before it’s here, it’s on Smartkarma
