Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
And as demonstrated in this article, it is the expansion of central bank credit, not commercial bank credit, which undermines currency values on a non-cyclical basis.
Source: https://www.lewrockwell.com/2023/07/alasdair-macleod/inflation-will-return/
Communications is the top sector, accounting for 26.2%, while consumer cyclical (31.7%) and consumer non-cyclical (6.7%) round off the next two spots.
Source: https://247wallst.com/investing/2023/09/20/5-etfs-that-are-up-more-than-40-so-far-this-year/
Now, the case I am trying to make is that the current valuation of both cyclical and non-cyclical stocks just does not reflect and price in current risks.
Zurich’s Miller noted that U.S. and European high-yield credit indices have a 35% and 31% direct exposure to consumer cyclical and consumer non-cyclical names respectively.
Source: https://www.shorenewsnetwork.com/2023/07/31/analysis-dwindling-excess-savings-could/