Analysts at Citi believe the "unfriendly stage of the leverage cycle" is coming, expecting the...

|By:, SA News Editor

Analysts at Citi believe the "unfriendly stage of the leverage cycle" is coming, expecting the recent underperformance of credit relative to stocks is just getting started. Toss in the end of QEII and they "see little reason to chase the market, and quite a few reasons to lighten up."