Tech stocks have buoyed stock investors' returns this year, but Comerica Wealth Management CIO John Lynch says a new era is coming. Lynch says he is"concerned" about certain market dynamics, such as the energy sector outperforming consumer discretionary. Lynch also thinks the recent rise in 10-year Treasury yields is"a function of Treasury issuance, which could be up another 20, 25% over the course of the next year.
And you also have to factor in periods where more interest rates are at a more normalized level, if you will, the 10-year typically trades about a 200 basis point premium to the consumer price index. Economic anxiety among Quebeckers has remained at significant levels since the spring, a trend that shows few signs of improving. The overall financial anxiety index score has stayed steady at 39.1. Currently, 85% of the population is experiencing different degrees of anxiety, with 44% facing significant levels . Debt repayment is the main concern of people with severe or extreme anxiety, even ahead of housing and food costs.Find out who’s on the ballot and what they stand for.
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