Morning Market Commentary & Charts

The bear market for global equities is well alive and showing its claws one more time. Since December, we were warning of an initial equities rout in Q1 of the magnitude of -12% to -15%, we have seen increasing deterioration of both the technical outlook for global equities, and similarly for the fundamental (macro; earnings, valuations, DDM; political environment and geo-political risks) outlook and support for global equities.

051016 CGI Morning Market Commentary & Charts