It's Starting To Feel A Lot Like 2007

Market conditions are described as closely resembling the pre-2007 environment, with parallels to the subprime crisis and official reassurances that may mask systemic risks. Elevating concerns for banks, credit and housing exposures; recommend defensive positioning, increased liquidity and stress-testing portfolio credit/housing concentrations.

Analysis

Market conditions are described as closely resembling the pre-2007 environment, with parallels to the subprime crisis and official reassurances that may mask systemic risks. Elevating concerns for banks, credit and housing exposures; recommend defensive positioning, increased liquidity and stress-testing portfolio credit/housing concentrations.