Seeking Alpha

More on Goldman's downgrade of CME Group: Noting the sharp YTD underperformance of the exchanges...

More on Goldman's downgrade of CME Group: Noting the sharp YTD underperformance of the exchanges vs. the broader financial sector, Goldman says macro overhangs (the Fed has quashed rate futures trading) and regulatory changes continue to pose risks to valuations. If you have to own an exchange, make it NYSE Euronext (NXY), currently on the Conviction Buy list.
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