Market Musings
Notwithstanding periodic short-term rebounds, the path of least resistance for global share prices remains down. The resilience of European and Chinese stocks in the face of the US equity selloff is unsustainable. These economies will deteriorate as US demand – the sole pillar of global growth in the past two years – vanishes and tariffs bite. A new currency trade: go long MXN / short an equal-weighted basket of CAD and the euro.
Interested in the Executive Summary of this report?
Get instant access to this Executive Summary from BCA Research.
BCA Research | Emerging Markets 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.
Topics
Stay Connected with BCA
Get our latest events and research insights delivered to your inbox.