So far in 2016, yes.
From Deutsche’s latest House View:
Here’s a sample of the research notes that hit the FT Alphaville inbox on Thursday, any emphasis ours. Read more
A disappointing week for bullish investors got worse today as it became clear that the credit market was in the midst of its most severe correction since the early months of 2009. The positive feedback loop between states and their banking sectors has re-emerged, and is having a seismic impact on the broader market. Read more