Amid patchy global growth, the US economy remains resilient. However, tight monetary policy will eventually trigger a recession in the US too. The stock market rally has been very narrow. Stay underweight risk assets.
In this insight, we provide an update on the Norwegian krone, with attractive trade ideas over a long-term horizon. Shorter-term, our neutral-to-positive view on the dollar keeps us on the sidelines for USD/NOK.
BCA Research’s Global Investment Strategy service’s US equity model, Stock Coach, has become more bullish on the near-term prospects for the S&P 500. The model’s short-term (1-to-3 month) equity score…
In a recent report, our US Bond strategists argued that while the year-to-date increase in yields has made Treasures more attractive, conditions are not yet in place to extend duration. Instead, they expect that there will be a…
Aside from the 1.0% m/m jump in personal income – which beat expectations of a 0.4% m/m rise – the US January Personal Income and Outlays report was broadly in line with consensus estimates. Nominal personal spending…
MacroQuant upgraded equities to overweight in February on a tactical short-term (1-to-3 month) horizon, but it continues to see downside risks to stocks on a medium-term (12-month) horizon. Consistent with the model’s relatively…
According to BCA Research’s Private Markets & Alternatives service, fundamentals show US Multifamily assets to be akin to picking up pennies in front of a steamroller. Multifamily, and Office, have long served as…
Earlier this year it looked like the spread between the rate of 10-year and 2-year Treasury notes was heading toward positive territory. Yet the 2s/10s spread peaked at -16 bps on January 16 and the inversion has been deepening…
New Zealand government bonds rallied, and the NZD was the worst performing major currency on Wednesday following the Reserve Bank of New Zealand’s (RBNZ) policy announcement. Although the central bank’s decision to…