Banks were thrust back in the spotlight’s unflattering glare last week when mid-cap regional New York Community Bank shocked analysts and shareholders with an enormous credit loss. According to BCA Research’s US…
According to BCA Research’s Counterpoint service, the AI gold rush will struggle to find any gold. In a gold rush, very few people get rich finding gold. But the guys selling the picks and shovels make a fortune! In the…
Today, we are sending you the BCA annual outlook for 2024. The report is an edited transcript of our recent conversation with Mr. X and his daughter, Ms. X, who are long-time BCA clients with whom we discuss the economic and…
We are approaching another phase transition from boom to bust. Stocks should rally into year-end, but investors should look to reduce equity exposure early next year while increasing bond exposure.
Chinese economic data surprised to the upside on Wednesday. GDP expanded by 4.9% y/y in Q3 – beating expectations of a 4.5% y/y rise. On a quarterly basis, economic activity accelerated from 0.5% q/q to 1.3% q/q –…
According to BCA Research’s Emerging Markets Strategy service, US Treasury yields are set to overshoot before topping out. The selloff in global bonds is becoming advanced, but there will be more damage to bond…
The global downturn will be shallower than it was in 2008 and in 2020 but will last for longer. The primary reason for a more prolonged downturn is that policymakers in the US, Europe, and China will be reluctant to proactively and…
According to BCA Research’s Global Investment Strategy service, the structural bull case for carbon credits remains compelling. However, tactical investors should brace for prices to plateau or even correct over the next 12…
Investors and policymakers went on high alert after two large-cap banks, Silicon Valley Bank and Signature Bank, failed in a 48-hour span in early March. Google searches for “banking crisis” exploded in the two full…
Investors should expect high volatility and a selloff in US stocks over the short run due to the higher-than-usual risk of technical default. Investors should seek shelter in defensive sectors and large cap stocks. Long-dated…