For obvious reasons, making money should not be the objective of the Strategic Petroleum Reserve (SPR). It serves to provide the energy needs of the American people in case of a crisis. Some have even criticized the Biden…
Why the US could get a jobs recession without a GDP recession, as happened in 2001, and what it means for stocks and bonds. Plus, an update on the Joshi rule.
According to BCA Research’s US Political Strategy service, US politics this decade will follow three strategic themes for the decade: (1) generational change, (2) peak polarization, (3) limited big government.…
Lending standards continued to tighten for most loan categories in Q1 2024. US banks reported tightening lending standards for C&I and CRE. For real-estate-backed loans to households, lending standards tightened further…
The Reserve Bank of Australia (RBA) left its policy rate unchanged at 4.35% at its May meeting, in line with expectations. The statement highlighted that inflation continues to moderate, though at a slower-than-expected pace.…
European retail sales were stronger-than-expected in March. They grew by 0.7% y/y from an upwardly revised 0.5% contraction in February, upending expectations that they would continue to decline. Improved sales in food…
Our Portfolio Allocation Summary for May 2024.
According to BCA Research’s US Bond Strategy service, while US economic data clearly show that labor demand has slowed from its peak two years ago, it isn’t yet clear whether this slowing represents a re-normalization…
Investors generally associate higher investment rates with higher rates of growth. Indeed, companies at the beginning of their life cycle with a lot of high ROI opportunities will generally be more willing to invest their capital…
The final estimates of Spain's and France’s services PMIs were revised upwards of expectations in April, increasing from 56.1 to 56.2 and from 50.5 to 51.3 respectively. The services European harmonized PMI also…