Listen to a short summary of this report. Executive Summary Significant Savings Provide A Moat Around Consumers Three mega moats will protect the US economy over the next 12 months: 1) A high number of job…
S&P 500 Chart 1Macroeconomic Backdrop Chart 2Profitability Chart 3Valuations And Technicals Chart 4Uses Of Cash Cyclicals Vs Defensives Chart 5Macroeconomic Backdrop Chart…
Executive Summary China Copper Consumption Failed To Revive Post-Pandemic A greater-than-expected contraction in manufacturing and construction in China – evidenced by the latest PMI and home sales data – will…
Executive Summary An Optimal Control Policy We could see some modest near-term downside in Treasury yields as inflation rolls over during the next few months, but we caution against turning overly bullish on bonds even if…
Dear Client, Next Friday we will publish a Special Report on Gold in conjunction with our colleagues in BCA Research’s Foreign Exchange and Global Investment strategy groups. We will return to our regular schedule of…
Listen to a short summary of this report. Executive Summary Recession Checklist US stocks were down almost 20% at their lowest point in May. Any lower and they would be pricing in recession.…
Executive Summary Markets Priced For A Restrictive Level Of Australian Rates The neutral interest rate in Australia is lower than in past cycles, for several reasons: low potential growth, weak productivity, high household…
Listen to a short summary of this report. Executive Summary The US Inflation Surprise Index Has Rolled Over Global equities are nearing a bottom and will rally over the coming months as…