Financials rally even as 10-2 spread narrows throughout 2014

posted in: Credit, Economy, Equities, Technicals | 0

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

Mismatch between capex-cautious but profit-rich corporations and already-levered but ready-to-take-on-more-debt consumers

posted in: Economy, Equities | 0

The 1Q14 GDP print was a shocker, to say the least!  Real GDP inched up a mere 0.1 percent SAAR, versus consensus expectations of 1.2-percent expansion.  Sure, it is the advance estimate, with two more still to come.  Sure it … Continued