Far from the big equities buy
CS points out that only depressed sentiment is flashing as a buy signal. Rest is still looking bearish according to the investment bank. Bear bullets:
1. recession risk remains high
2. no upside in their fair value models
3, earnings risk is high4. credit is looking poor5. most NASDAQ bear markets lead an SPX bear market (by c5 months)6. Fed put is gone
1. recession risk remains high
2. no upside in their fair value models
3, earnings risk is high4. credit is looking poor5. most NASDAQ bear markets lead an SPX bear market (by c5 months)6. Fed put is gone
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