What ever happened to “synchronized global growth?”
Nobody is suddenly looking for economic recessions in new corners of the globe. But amid a weakening in some global economic data relative to activity in the U.S., there’s no question that a handful of stocks that has been trading within with the “synchronized global growth” theme has begun underperforming.
Since many people were positioned for continued synchronized global growth into this year, the unwinding of that trade could be an important story in the coming months. Caterpillar’s performance....More>>>