Equity Strategy: US Regional Banks: Not Out of the Woods Yet
US Regional Banks have been in turmoil for the last several quarters with valuations down by 40% or more on average. We think this is may not yet...
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U.S. Equity Strategy: Risk Appetites Improving; Watching Financials, Copper, US Dollar
Financials (XLF) are on the cusp of a breakout above $39, while copper is on the cusp of a breakout above $4.38; breakouts above resistance would...
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10-Yr Treasury Yield Breaking Out; Downgrading U.S. Consumer Staples and Utilities To Underweight
The 10-year Treasury yield broke above the key 1.38% resistance level last week, a bullish signal for the broad equity market and also a bullish...
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US Banks – Borrow Short, Lend Long
While credit costs will remain a key focus for US banks over the coming quarters, we must not lose sight of the steepening yield curve and what it...
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Why Are Major U.S. Companies Suspending Their Share Buyback Programs?
“Any public company that receives a bailout or significant funding should not be allowed, by law, to do stock buybacks EVER AGAIN as part of their...
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