The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) continues to show the impact of the Fed’s tightening cycle. Banks were still tightening lending standards for commercial and industrial (C&I),…
The soft landing and rate cuts narrative is being priced out, and the S&P 500 is overvalued and getting overbought. The Magnificent Seven are about to get a new moniker on the back of performance dispersion. However, without the…
Our Central Bank Monitors support European central bankers’ decision to hold rates steady. Find out what it means for European fixed-income portfolio allocation.
BCA Research’s Global Investment Strategy service’s MacroQuant 2.0 model continues to recommend that investors maintain a benchmark allocation to equities over a 1-to-3 month horizon. At the end of January,…
In this Insight our Equity Analyzer team explores how the S&P 500 behaves when the Fed Funds Target Rate drops by 25bps – 150bps within a single year. The current dot plot is signaling 75bps of cuts by the end of the…
After falling throughout most of the second half of 2023, the US economic surprise index has surged over the past few weeks, indicating that economic conditions are firm at the start of the year. Indeed, Manufacturing PMIs…
The S&P/TSX Venture Index is a micro-cap index of Canadian companies listed on the TSX Venture Stock Exchange. Nearly two thirds of the index is comprised of material and energy stocks, making the index exposed to…
The US Employment report came in well above consensus expectations on Friday, delivering a strong positive signal on labor market conditions in January. The 353 thousand increase in nonfarm payroll employment beat expectations of…
Our thoughts on bond positioning following this morning’s employment data.
According to BCA Research’s Commodity & Energy Strategy service, the US Department of Defense’s (DoD) first-ever industrial policy – dubbed the National Defense Industrial Strategy (NDIS) – is…