The Baltic Dry index, which measures the average price paid for the transport of dry bulk materials across more than 20 shipping lanes, has rebounded 63% this month and 130% since the middle of the year. The latest leg of the…
Chinese industrial profits for October delivered a pessimistic signal on Monday as the annual growth rate eased to 2.7% y/y. While the latest update marks the third consecutive month of profit growth, it is a sharp slowdown from…
While the S&P 500 has rallied by 18.8% so far this year, not all sectors and industries have gained on a year-to-date basis. Nearly half of the 11 sectors are in the red. This list, which is made up of Utilities (-11.7%),…
According to our Global Investment Strategy (GIS) service, so far this year, inflation in the US has declined sharply even though employment growth has remained strong. There are many factors that have contributed to this…
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…
The US flash PMI sent a mixed signal about economic activity in November. The Composite index was unchanged at 50.7 – beating expectations of a slight decline to 50.4. The stable reading comes on the back of a…
The US nonfarm payroll report is an important monthly data release that investors scrutinize for updates on the state of the US labor market and economy more broadly. In the current context, the updates help gauge whether the US…
According to BCA Research's Emerging Markets Strategy service, investors should focus on fluctuations in final demand rather than inventories. A common narrative endorsed by many market participants is that inventory…
This report looks at the prospects for the Swedish krona, following the pause by the Riksbank.
Most developed market central banks have paused hiking interest rates. With interest-rate differentials having been the most important driver of currencies over the last two years or so, the focus might now shift to other factors…