We don’t expect the renewed outperformance of the consumer discretionary and information technology sectors of the US stock market to continue. It appears to have been driven both by a plunge in TIPS yields, which we anticipate will partially unwind, and by a sense of relief, which we suspect will also pass soon, that earnings reports haven’t been more downbeat.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.