Canaccord Genuity Morning Coffee on U.S. Strategy: Looking Up
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Canaccord Genuity Morning Coffee on U.S. Strategy: Looking up.
Canaccord Genuity U.S. Portfolio Strategist Tony Dwyer believes that Coordinated Central Bank Lending Rate actions/reductions coupled with the below points suggest the trend of weaker than anticipated economic data should begin to improve as we move deeper into H2/12. He does not expect recession, pointing to the following simulative influences: 1) A historic drop in the 10-yr U.S. Treasury Note Yield; 2) Sharp decline in oil prices during the heart of the driving season; 3) Improved commercial and industrial lending data; and 4) Recovery in housing from depressed levels.
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Canaccord Genuity U.S. Portfolio Strategist Tony Dwyer believes that Coordinated Central Bank Lending Rate actions/reductions coupled with the below points suggest the trend of weaker than anticipated economic data should begin to improve as we move deeper into H2/12. He does not expect recession, pointing to the following simulative influences: 1) A historic drop in the 10-yr U.S. Treasury Note Yield; 2) Sharp decline in oil prices during the heart of the driving season; 3) Improved commercial and industrial lending data; and 4) Recovery in housing from depressed levels.
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