While the armadas of container ships waiting for berths have shrunk, other problems lurk for cargo transport.
Projected S&P 500 profits rose just 6.7% in the second quarter, and even slower results are ahead. Not good for stocks, the firm contends.
One school of thought: the 10-year Treasury hitting that level signals a growth slowdown.
Natixis’ Lavorgna says people’s current high outlays can’t stay that way for long.