Preliminary PMI estimates suggest that service sector activity is expanding across DM economies in February. Most notably, services PMIs are back at or above 50 in Australia and the Eurozone from previously contracting levels.…
According to BCA Research’s Geopolitical Strategy service, European political risk is turning up again. Increased European political risk is not because of the European parliamentary elections, which will see right-wing…
The minutes of the January FOMC meeting underscore that policymakers are adopting a cautious approach in timing the pivot to policy easing. Although Fed officials acknowledged that inflation and employment risks are “…
Canada’s January CPI release shows price pressures cooling last month. Headline CPI eased to 2.9%y/y from 3.4%y/y in December, below expectations of 3.3%y/y. Furthermore, month-over-month inflation fell for the first time…
Japanese exports in JPY increased by 11.9% y/y in January, up from a 9.7% y/y increase in December and surpassing expectations of 9.5% y/y. A 29.2% y/y jump in exports to China led the overall surge. Trade data from Asian…
We rank the US spread sectors in terms of risk versus reward.
While 2024 will see various election risks, global geopolitical uncertainty is driven by the US election and its struggle with Russia, China, and Iran. The stock market can manage local domestic political risk. But it will correct…
According to BCA Research’s US Political Strategy service, Biden’s approval rating may have bottom, but it faces limited upside. Speculation about Biden stepping down has been rife since the special counsel report…
The Health Care sector is among the best performing US equity sectors so far this year. Its 6.2% year-to-date price gain exceeds the S&P 500’s 4.3% increase and is second only to Communication Services. This marks a…
US Treasuries have been selling off over the past two months as investors downgrade the odds of an imminent start to the Fed’s easing cycle. Naturally, a question facing investors is whether current levels constitute a good…