Freedom56
Thinks s/he gets paid by the post
Keep an eye on rates. The ten year dropped below support of 2.81 and closed at 2.75 and the 30 year fell below 3%. The 10 year is getting closer to inversion with the 2 year. Here is the dilemma for equities, if rates go higher, the market will tank fast. If rates stay the same there will be a gradual decline to normal valuations and bank stocks will continue to tank as the interest rate spreads are too narrow. Many companies will start to deleverage if they have the cash flow to do so or from asset sales. Brick and mortar retailers on the other hand are facing some serious headwinds with high debt and declining sales and their landlords (the Mall REITS) are facing the same issues. 2019 maybe a year for sectors like utilities.