Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

Economy

The Web 2.0 Bubble Is Bursting. Here’s What It Means
Special Report

The Web 2.0 bubble is bursting, with far-reaching consequences for US stock market behaviour, sector allocation, and global asset allocation.

Counterpoint
US Employment Cost Index Decelerates For Third Consecutive Quarter
The Employment Cost Index decelerated to a lower-than-expected 1.0% q/q in Q4 following 1.2%, corroborating several other indicators suggesting that wage growth is moderating in the US. Compensation within goods-producing industries grew at a constant 0.9%…
Daily Insights
Are Positive Surprises Enough To Support Euro Area Assets?
The preliminary GDP estimate suggests that the Euro Area economy expanded by 0.1% q/q in Q4 2022, beating expectations of a 0.1% q/q contraction. The improving energy situation due to milder-than-anticipated weather, as well as generous fiscal support…
Daily Insights
Chinese Economic Activity Is Gaining Momentum
China’s NBS PMI release delivered a positive surprise for January. Both the manufacturing and the non-manufacturing indices returned to expansion, suggesting that economic activity is gaining momentum following Beijing’s exit from the zero-Covid policy. As…
Daily Insights
Spanish CPI Inflation Runs Hot In January
Preliminary estimates suggest that Spanish headline harmonized CPI inflation (HICP) accelerated to 5.8% y/y in January, from 5.5% y/y, largely surpassing expectations for a moderation to 4.8% y/y. A reacceleration of fuel prices compared to January 2022, as…
Daily Insights
Swiss KOF Signals Tentative Improvement
The Swiss KOF Barometer jumped 5.7 points to 97.2 in January, marking the second consecutive monthly increase, pushing the index to the highest level since June 2022. Importantly, the January increase reflects improvements across all of the KOF barometer’s…
Daily Insights
Relief For The European Consumer
According to BCA Research’s European Investment Strategy service, Eurozone domestic demand is likely to be firm in 2023. Declining inflation will have a positive impact on consumption because it will lift real wages, which are currently contracting at 7%…
Daily Insights
The Calm Before The Storm

The most important question investors need to answer is whether this is the right time to shift the portfolio to a more aggressive and cyclical stance now that the end of the hiking cycle is in sight. To answer this question, we review the most recent macroeconomic, geopolitical, and equity market developments, and do our best to separate facts and data from sentiment and conjecture. We conclude that there are many challenges ahead and equities are not in a clear yet. We recommend investors add small positions in areas of the market that benefit from rate stabilization while maintaining an overall defensive stance.

US Equity Strategy by Irene Tunkel
The Outlook For UK Gilts & Sterling: The Calm After The Storm
Special Report

This week’s Special Report goes over the structural problems facing the UK economy and our outlook for UK gilts and the sterling following turbulent moves in 2022.

Global Fixed Income Strategy, Foreign Exchange Strategy by Chester Ntonifor
Projecting US Bond Returns For 2023
Special Report

This week’s Special Report uses our Golden Rule of Bond Investing to forecast US Treasury returns for 2023 under different economic scenarios.

US Bond Strategy, Global Fixed Income Strategy by Ryan Swift

Related Topics

AI BCA Indicators/Model BDCs Bubbles/Crises/Manias Commodities Commodities & Energy Sector Country In-Focus Currencies Defaults Deleveraging See more Topics