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Cyclical Stocks

Jul 09 2013

Bonds & Cyclical Stocks “Decoupling”?

  • Jul 9, 2013

The relationship between U.S. Treasury bond yields and the relative performance of cyclical stocks versus their defensive consumer counterparts appears to be changing.

Jul 09 2013

A Contrarian Call For The Second Half

  • Jul 9, 2013

With the notable exception of the Consumer Discretionary sector, cyclical stocks topped out globally on a relative basis in early 2011 (Chart 3). Throughout the last two and one half years, there have been repeated calls for industrial cyclicals—which were, of course, the leaders of the last cyclical bull market—to reassume stock market leadership.