Strategy Report
Le Plus Ça Change
The 3-3-3 plan pitched by Treasury Secretary Scott Bessent will need several improbabilities to break its way if it is to meet its goals. We think it is much more likely that the plan will disappoint. Defensive asset allocations will outperform once it becomes clear that 3-3-3 will fall short, but we are currently neutral across the board because the disappointment may be months away.
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BCA Research | US Investment Strategy
BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.
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