Gavekal Debate: Impending Crisis, Ominous Bubble Or Structural Bull Market?VW Staff
David Hay, CIO, Evergreen Gavekal, is worried – as he’s been for the last two years.
During that time he's believed that a substantial correction was overdue in the US stock markets. Writing in the “Evergreen Virtual Advisor” of October 3, he pointed to the significant change upwards in credit spreads as shown in the chart below:
The chart points to heightened risk . . .
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