Weekly Global Equities Strategy Update

Now for 4 weeks that we have been heeding our clients to reduce global equities
exposure and increase exposure towards US 10-Year Treasuries and towards
commodities and Oil (WTI, we are keeping our $78 high price target for 2018 for now) in particular, to no surprise that the sell-side herd is following our advice slowly but surely and getting increasingly more negative on equities.

052318 CGI Weekly Global Equities Strategy Update-compressed