US Banks – Funding Cost Change Now More than Half of Interest Income Change
Many associate rising interest rates with an environment where banks make huge amounts of core income, e.g. net interest income. Where rising rates...
520 Views
US Banks - Deteriorating Consumer Credit Metrics May Point To Recession
The headline numbers at US banks are wholly misleading if the conclusion is a robust US economy, a robust US consumer and that interest rates will...
804 Views
U.S. Equities: Downgrading Manufacturing and Materials; Large-Cap Financials at Critical Support
So far the S&P 500 has failed to overcome the 2,790-2,800 resistance level we first highlighted in our 6/5/18 Compass. However, while a...
299 Views
U.S. Equity Strategy: Financials Struggling, Tech and Energy Leading
Financials, especially the large-cap brokers have suffered severe pullbacks recently. If these stocks cannot sustain a reversal in the next few...
268 Views
Systemic Leverage Risk Has Returned In Full Force
*Out of Control Credit Risk: High yield credit risk is out of control at 5% of global GDP just as credit metrics at the top of the market are...
276 Views