Everyone is bullish and fears nothing but a rate scare. I am bearish and I fear a growth scare.
So, if I understand you correctly, you see a world where yields, the dollar, and stocks are down, while cyclicals and housing-related equities go up?
Housing related equities and some cyclicals would outperform. Whether they have a positive absolute return would depend on the depth of the overall correction.
So, if I understand you correctly, you see a world where yields, the dollar, and stocks are down, while cyclicals and housing-related equities go up?
Housing related equities and some cyclicals would outperform. Whether they have a positive absolute return would depend on the depth of the overall correction.