In This Issue (#4):
- We were interviewed in mid-July by S&P Global on our sector outlook (Podcast Link). Thanks to Nathan Stovall (Blog Post) for having us on.
- The yield curve is steepening; It’s the positive inflection point we’ve been looking for.
- Bank stocks have turned higher, and we see further advances ahead
- M&A activity is picking up; It’s a huge opportunity, but…it’s complicated!
- Credit likely to deteriorate further, but it’s increasingly a “rear view mirror” issue for stocks
- Tidbits
