《《20160415 Global Research Highlights Investment Strategy》.pdf

Global Research Highlights Investment Strategy Global 15 April 2011 $127 was no barrel of laughs Joseph Zidle +1 646 855 5854 Strategist MLPFS A $127 barrel of oil was no barrel of laughs for markets joseph.zidle@ On Friday, 8 April Brent crude oil closed at a 2011 high of almost $127/bbl. Oil is Sophie Guité +1 646 855 2449 Strategist down 3.5% since, while global equities have fallen 1.2% and bonds have rallied. MLPFS And US economic data this week showed evidence of stress from higher oil prices. sophie.guite@ March retail sales were weaker than expected, both imports and exports slowed in Swathi Putcha +1 646 743 0198 1Q, and while the Fed’s Beige Book report was strong, some districts expressed