Deutsche Bank Says a Stock ‘Overweight’ Needs Rates OK First
- Equities, Treasures giving different economic signals: Chadha
- Deutsche strategists upgraded stocks to neutral last month
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Sovereign bond yields hold the key to increased confidence in U.S. stocks, according to Deutsche Bank AG.
Credit spreads are pricing in an ISM Manufacturing PMI in the low 50s -- solidly in expansion territory -- while the S&P 500 sees it in the mid-40s -- or, not far from the dividing line -- according to analysis from Deutsche Bank strategists led by Binky Chadha.