Skip to main content

A weak economy may matter most for sector performance

The turnaround in the US stock market since 14th October has coincided with a retreat in Treasury yields. Nonetheless, two of its three “long-duration” sectors have lagged amid disappointing news on earnings and/or sales from some of the “big-tech” behemoths, whose fate is also comparatively beholden to the state of the business cycle. We suspect this pattern will continue, as storm clouds gather over the economy.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access