In this issue we look at the prospects for the U.S. economy examining leading indicators and cyclical sectors such as housing and auto manufacturing. We also look at the fixed income market for hints as to investors’ views on the economy and interpret the slope of the yield curve as well as moves in credit markets.
We examine the behavior of credit spreads ahead of major stock market peaks and discuss the early warning signs they often provide. We then discuss what credit spreads suggest about the current market cycle.
Our latest take on the outlook for the economy and markets including a discussion with our London-based Contributor.
This is an update on bond market developments and their implications for the stock market