Highlights Did October's equity rout ... : Before bouncing back in its final two sessions, October was the S&P 500's 12th-worst month of the postwar era. ... represent a watershed for financial markets?: Shaken investors…

Special Report

Dear Client, Next week, I am on the road in the Middle East visiting clients and teaching the BCA Academy Principles of Global Macro course. There will be no regular Weekly Report on November 9th. Instead, we will be sending you a…

GAA DM Equity Country Allocation Model Update The GAA DM Equity Country Allocation model is updated as of October 31, 2018. The quant model downgraded U.S. and Italy to underweight from overweight while upgrading Canada to a slight…

Special Report

As part of our mandate to make the platform flexible and adaptable to the needs of our clients, we are pleased to announce version 2.7 of ETS. The highlight of this release is a new 'Custom Metrics' feature that allows you to…

Highlights Duration Strategy: The recent market turmoil was a long overdue risk asset correction that does not change any fundamental underpinnings for rising global bond yields. Stay below-benchmark on overall global duration exposure…

Special Report

As promised in early September, this is the third installment of our four part Indicators series. In this Special Report, we follow a similar script to Part II but instead of sectors, we now cover the S&P 500, non-financial equities,…

Highlights Our October house view meeting was mostly uneventful, ... : The backup in bond yields has so far proceeded in line with our expectations, and the BCA consensus is that they have not risen enough to pose a fundamental threat…

Highlights U.S. data keep surging, ... : The September ISM surveys, and the latest employment situation report, demonstrated that the economy has considerable momentum. ... and the Fed has taken note, ... : Chairman Powell and other…