Our measure of financial risk is still heading higher in spite of the 75 bp decline in the fed funds rate.
The message is that we are not yet out of the woods. The unwinding of bad credit is still in full swing. And this is bad news for the financial markets.
More on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
Why are utilities performing so poorly in the last few days? Thought they were a safe haven in a falling interest rate environment.
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