Special Report

Feature Over the past months, we have seen a potent bout of volatility in developed government bond markets, as investors have tried to assess the “lift-off” dates for central bank hiking cycles and the speed and cumulative…

Dear Client, We had an error in our oil balances/forecasts report from 18 November 2021 resulting from a double counting of select US onshore production figures.  This has been corrected below. Highlights Higher oil production…

Weekly Performance Update For the week ending Thu Nov 11, 2021 The Market Monitor displays the trailing 1-quarter performance of strategies based around the BCA Score. For each region, we construct an equal-weighted, monthly…

Special Report

Highlights We introduce our rotation graphs to assess the evolution of the relative trend and momentum of various assets. US equities remain on firm footing, but their weakening relative momentum suggests that investors may soon begin…

Weekly Performance Update For the week ending Thu Oct 28, 2021 The Market Monitor displays the trailing 1-quarter performance of strategies based around the BCA Score. For each region, we construct an equal-weighted, monthly…

Weekly Performance Update For the week ending Thu Oct 21, 2021 The Market Monitor displays the trailing 1-quarter performance of strategies based around the BCA Score. For each region, we construct an equal-weighted, monthly…

Highlights In our latest balances and forecast estimates, we are lifting our expectation for 4Q21 Brent prices to $81/bbl, and our forecasts for 2022 and 2023 to $80.00/bbl and $81.00/bbl, up $5/bbl and $1/bbl, respectively. Our…

Highlights UK GDP is on track to overtake pre-pandemic levels. This will strengthen the case for the BoE to tighten monetary policy. That said, markets are aggressively pricing in a hawkish BoE. This creates room for near-term…

Weekly Performance Update For the week ending Thu Oct 07, 2021 The Market Monitor displays the trailing 1-quarter performance of strategies based around the BCA Score. For each region, we construct an equal-weighted, monthly…

Weekly Performance Update For the week ending Thu Sep 30, 2021 The Market Monitor displays the trailing 1-quarter performance of strategies based around the BCA Score. For each region, we construct an equal-weighted, monthly…