interesting but, being dumb, finding it a bit hard to interpret from early recession: what leads the market down? cyclicals and industrial?
recs on staples, pharma and apparently I think it was Bernstein going against one of the big financials (not naming it) during 2005.. hints given at mortgage or something.. deflation mentioned too, what was it '10 surprises or similar for 2005' (don't have the title).. Then the Mae placement news hit us.. Financials dollar/treasuries/rates exposure.. Energy on a move again.. can't see that far that's for sure.
What I fail to place is where technology fits in early recession, Nazzer has steam in it I think, just matter of time for a buy signal.. otherwise, hey lets short ;-) How did that yield curve research go, thought there was some move on gilts here...
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