Upgrade to OW; Laggard with strong top-line growth,margin concerns now priced in Very Wide Spreads Warn of Danger Ahead (Killer charts included)Initiating on rail signaling equipment sector with a positive view INVESTMENT DAILY NOTE Japan:January Exports Record Bad Start To 2016 Buy:A new diesel engine plant is another growth driver China Insurance Sector: January Premium League (Update): It was a strong month with signals of sales quality improvements Is the correlation of financial markets between the United States and the euro zone justified？ Yum Cha What happens if the euro zone’s financial markets are decorrelated from its economy?