After dipping into negative territory between June and early August, the Global Economic Surprise Index has since rebounded, signalling an improvement in economic momentum. Initially, this rebound was isolated to the US. However…
Inflation has been in a downtrend for a few months now, which has translated into fading corporate pricing power. With wage growth still strong, and the cost of energy on the rise, the degree of companies’ pricing power…
According to BCA Research's US Equity Strategy service, mid-caps underperform when spreads widen, although less so than Small as they are more financially robust and have better credit ratings. Small is the most leveraged…
The US Conference Board's Leading Economic Indicator (LEI) continues to send a poor signal about the economic outlook. The monthly pace of contraction quickened to -0.8% m/m in October from -0.7% m/m in September. In terms…
To the extent that Taiwanese export orders act as a bellwether for global trade dynamics, we often monitor the release to gain a sense of the state of the manufacturing cycle. On this front, the October update provided a positive…
As we anticipated in an Insight we published in May, palladium continues to underperform platinum. Last week, platinum's discount to palladium shrunk to its smallest since August 2018. While the prices of both metals have…
The soft-landing narrative is gaining momentum, pushing equities higher and potentially offering investors a better entry point to position against it. Financial markets appear to have been surprised by the comforting…
According to BCA Research’s European Investment Strategy service, the Magic Eight are the European counterpart to the US’ Magnificent Seven. The dominance of the so-called Magnificent Seven in the US S&P 500 is…
Singapore is a small open economy that is highly sensitive to fluctuations in the global manufacturing activity. As such, Singapore’s non-oil domestic exports (NODX) are a bellwether for global growth. Singapore’s…