U.S. Equity Outlook: Sector Themes & Synopsis

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Thematic (Sector/Industry)

United states / Thematic (Sector/Industry)

Can we time the next recession?Money managers look with some anxiety at the flattening of yields in the US Treasury market, that put 10 year rates only 60 basis points above two-year yields (down from 125 basis points only a year ago), to give just one example [1].Are flat yields sending a bad signal about stocks and the economy?<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/039/177/original/Treasury-2-10-Years-Spread-Left-Axis-SPX-Total-Return-Index-Right-Axis-_chartbuilder%281%29.png?1511709385" class="editor-image img-responsive" data-smartkarma-image-id="39177"></figure><div class="content-caption">Data Sources: see [2]</div>For banks, which borrow money on call and lend longer term, increased money market rates and a smaller difference between long and short-term rates…

Can we time the next recession?Money managers look with some anxiety at the flattening of yields in the US Treasury market, that put 10 year rates only 60 basis points above two-year yields (down from 125 basis points only a year ago), to give just one example [1].Are flat yields sending a bad signal about stocks and the economy?Data Sources: see [2]For banks, which borrow money on call and lend longer term, increased money market rates and a smaller difference between long and short-term rates…

Bonds, Stocks and Two Smoking Signals