Economy was probably not reason why QE2/3 got launched, stock sell-off was One month after QE1/2 ended, stocks began to act sick, prompting Fed into action Year-end rally may or may not happen; impending sell-off to test Fed’s pain threshold … Continued
A month ago, we pointed out a divergence between 10- and two-year Treasury yield spread, which peaked as 2013 was unwinding, and financial stocks, which had ceased to track the spread and were rallying. Going back nearly 18 years, the … Continued
Depending on how mature an economic cycle is, different sectors, and industries within them, act differently. Some lead, some lag, yet others are coincident. Investors gravitate toward sectors such as technology and consumer discretionary when they are more optimistic and … Continued