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...
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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...
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Disruption by Decentralization?
Blockchain is full of promise. Investment in the space totals billions of dollars. Large corporations, venture capital funds, and initial coin...
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Bank of America – Signals Within Charge Offs, Delinquencies and LDR
The pattern of better profit from lower tax expenses seems well in place for US banks during 1Q18. What is less visible in headlines is the detail...
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US Banks – Citigroup Core Income Deteriorating
Citigroup Inc (C US) shows all too well how lower taxation can support weakening income. This will certainly be a driver behind poorer sentiment of...
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