Financial risk has been rising since mid-2007. It is no coincidence the market has done poorly since then.
Lower grade bond yields are too high relative to those on Treasuries. This spread will have to decline for the market to resume its upward trend.
The current downtrend in short-term interest rates and bond yields will add to the reasons why stocks should move higher.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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