Our Emerging Market Strategy (EMS) colleagues recommended booking an 11.4% gain on their Egyptian T-bill trade initiated earlier in the year. Now that currency-devaluation risk has been removed from the picture for the…

  According to BCA Research’s European Investment Strategy service, the underperformance of European assets relative to the US is due its lagging productivity, even after adjusting for sectoral compositions in their stock…

  As we highlighted in a previous Insight, the breadth of the US equity rally has been relatively narrow, led by extremely strong gains among Big Tech stocks. Tech is still the best performing sector, with the S&P IT price…

  The rally in cocoa prices has intensified over the past two months. Prices are up 47.7% so far in 2024 on top of a 61.3% increase last year. There are fundamental reasons for the price surge. Drier weather due to the El Nino…

  Nvidia’s blowout Q4 2023 earnings results and bullish guidance catalyzed a rally in global stocks that pushed the S&P 500, Europe’s Stoxx 600, and Japanese Nikkei to record highs on Thursday. The S&P 500 is…

  Chinese policymakers surprised on Tuesday with greater-than-anticipated easing for the troubled property market. Although the 1-year loan prime rate (LPR) – the benchmark for most household and corporate loans – was…

  The S&P 500 forged a new all-time high last Thursday and ended the week with a 4.9% year-to-date gain, extending the rally that started in late-October. Interestingly, the recent increase comes even though investors have…

  According to BCA Research’s European Investment Strategy service, European tech stocks could outperform their US counterparts in the last leg of the rally. The tech sector is in a bubble in advanced economies. While it…

  According to BCA Research’s Global Investment Strategy service, although the next recession is likely to be mild-to-moderate, the ensuing financial avalanche will be more severe. Valuations are highly stretched and hopes…