Vermilion Int'l Compass: Global Equity Strategy

Sticking With Cyclical Value and Defensives; Adding Large-Cap Japan Technology We believe the lows have likely been established for this correction, though we still believe a bottoming process would likely take weeks or potentially months and could come with more tests of the lows. To that end, we expect some give back following this 2+ week rally. We recommend sticking with cyclical value and defensive areas, which we have been focused on for most of 2022. Japan, Europe, Germany All At Resist...