Self fulfilling prophecy

What is on the  mind of investors?  Matt Turner asks a large investment firm, what's on investors  mind

The big question on investors' minds is where we are in the credit cycle, according to one of the analysts. The possibility that there might be a recession on the way is the talk of Wall Street. 

The energy sector has already taken a hammering, with high-yield markets showing signs of stress and big banks taking provisions in the fourth quarter on their energy loans.

The question now is whether that stress will spill over to the wider economy. Corporate balance sheets look surprisingly weak, according to one of the analysts, who said leverage ratios had risen and interest-coverage ratios had fallen.

Clients make the cycles, or semi-random sequences.   They do this motion on purpose, it fully explores the possible arrangements of their portfolios.   Multi-equilibria, we have to spend resources to drive through the sequence. But it is a loop and when the sequence restarts, accounts are first settled.