The minutes of the Fed's latest FOMC meeting revealed that there is a consensus among policymakers to proceed carefully. Another rate increase is appropriate only if "incoming inflation indicated that progress toward the…
Tuesday’s CPI release confirmed that the disinflationary trend in Canada remains intact. After a brief relapse this summer, Canada’s inflation is headed in the right direction. As anticipated, headline CPI inflation…
According to BCA Research’s European Investment Strategy service, the Magic Eight are the European counterpart to the US’ Magnificent Seven. The dominance of the so-called Magnificent Seven in the US S&P 500 is…
The soft-landing narrative is gaining momentum, pushing equities higher and potentially offering investors a better entry point to position against it. Financial markets appear to have been surprised by the comforting…
The US Conference Board's Leading Economic Indicator (LEI) continues to send a poor signal about the economic outlook. The monthly pace of contraction quickened to -0.8% m/m in October from -0.7% m/m in September. In terms…
Mid-caps are the best of both worlds and are an excellent strategic overweight thanks to their size premium, but also better financial quality and higher dividend yield than Small. We are bullish on Mid near term and believe that…
The US has the Magnificent Seven, Europe has the Magic Eight. What drives the performance of those eight stocks crucial to the European market?
The soft-landing narrative has gotten nowhere at BCA but appears to be making some headway with broker-dealers and investors. We are preparing to lean against it once it pushes equity prices a little higher.