The Euro Area’s industrial production figures for July sent a disappointing signal on Wednesday. The 1.1% m/m decline in output fell below expectations of a smaller 0.9% m/m decrease. On a year-over-year basis, IP…
Stocks should continue to rally in the near term, but investors should prepare to turn more defensive towards the end of the year in advance of a recession in 2024.
US durable goods orders delivered a negative surprise on Thursday. The 5.2% m/m decline in new orders for manufactured durable goods came in below expectations of a 4.0% m/m decrease and marks the biggest monthly drop since April…
Mexican financial markets have been this year’s stellar outperformers, both in absolute terms and relative to their EM peers. Naturally, the question arises: how sustainable is this rally? According to our Emerging…
The US is not out of the woods when it comes to inflation, which means that it is too early to conclude that the Fed can stop raising rates. Any further increase in inflation risk would prompt us to turn more cautious on stocks.
BCA Research’s Commodity & Energy Strategy service expects steady demand for EVs will be able to absorb increasing lithium supplies in the short-to-medium term. The team is getting long the LIT ETF at tonight’s…
The NFIB survey provided a slightly positive signal about the US economy in June. Small business optimism improved from 89.4 to a 7-month high of 91.0 – beating expectations of a more muted increase to 89.9. Details of…
A range of indicators suggest that the US manufacturing sector is currently under duress. But should this weakness be extrapolated into the rest of the year? The US manufacturing cycle tends to follow a very predictable wave-…
Positive economic surprises have delayed the onset of recession in the United States. But tighter monetary and fiscal policy, slowing global growth, and a looming rebound in policy uncertainty and geopolitical risk suggest that…
According to BCA Research’s China Investment Strategy service, although the recovery in overall Chinese industrial profits will be subdued, there will be a silver lining among China’s consumer goods producers, autos…