SocGen ups equity and commodities weightings, flags gold as a buy-on-dips opportunity
Societe Generale's strategy team, led by Alain Bokobza, increased the bank's equity allocation to 55% from 50% and raised commodities to 20% from 5%, while cutting bonds to 25% from 30%. The bank favors U.S. markets with S&P 500 equal-weight exposure, adds geographic diversification across China, Japan and the U.K., and recommends buying gold on di…