The dominance of large tech companies in the S&P 500 has caused concern amongst investors. The Magnificent Seven now represent 30% of the index. These companies have more than doubled in value over the past year, in contrast…
After having surged in the second half of 2021 and early 2022, the Atlanta Fed’s Wage Growth Tracker peaked in mid-2022 and has since been on a general downtrend. The latest reading of 5.0% in January is a continuation of…
According to BCA Research’s Emerging Markets Strategy service, Chilean bank stocks offer great value and are poised to outperform the EM equity benchmark. Chilean bank share prices are well-positioned to outperform due…
German factory orders delivered a positive surprise on Tuesday, unexpectedly increasing on both a monthly and annual basis. The 8.9% m/m increase in December came in well above consensus estimates of a 0.2% m/m decline. This…
As expected, the Reserve Bank of Australia kept the policy rate unchanged at 4.35% on Tuesday. The updated economic forecasts show a downward revision to the growth outlook for this year versus the previous round of…
Although our base case remains that a continuation of the disinflation process will allow policymakers to pivot to rate cuts this year, we continue to monitor risks to this outlook. On this front, some key indicators have…
Euro area small-cap stocks are attractively valued compared to their large-cap counterparts. They have underperformed by 20% since April 2022, but small caps’ earnings have kept pace with those of large-cap firms. Hence,…
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…
The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) continues to show the impact of the Fed’s tightening cycle. Banks were still tightening lending standards for commercial and industrial (C&I),…
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ views on tech stocks, the US economy in 2024, and China’s contribution to global growth. Regarding tech stocks, 44%…