Our equally weighted global cyclical equity index has outperformed equally weighted defensives for most of this year. By October 17, this outperformance stood at about 12.6%. This outperformance is consistent with US Treasury…
Investors should not get their hopes up about this week’s US-China summit. Chinese President Xi Jinping and US President Joe Biden will meet on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in San…
European markets have room to rebound in the coming weeks, however, a recession looms. What are the lessons from history that investors can use to position themselves under these conditions?
Q3 earnings commentary has been broadly positive, despite intensifying macro headwinds. Going forward, a negative growth outlook and geopolitical risks, are a threat to buoyant earnings expectations. We project that earnings growth…
According to BCA Research’s US Political Strategy service, the results of the 2023 off-year elections are positive marginally for the equity market according to the team's “Golden Rule of the 2024 Election,…
Analyzing the long/short performance of the Equity Analyzer Composite Factors gives insight into both what has been driving US large cap markets and how those drivers have evolved over the course of the year. The results…
The Q3 earnings season is nearing its end. By Friday, 92% of S&P 500 companies had already reported and thus far the results are positive. According to FactSet, the S&P 500's 4.1% y/y blended earnings growth rate is…
The UK economy stagnated in Q3 – a deterioration from the minor 0.2% q/q expansion in the prior quarter. Although the Q3 figure is slightly better than anticipations of a 0.1% q/q contraction, the details of the report are…
The preliminary release for the University of Michigan’s Consumer Survey sent a pessimistic signal about consumer sentiment on Friday. The headline index fell from 63.8 to 60.4 in November, below expectations of a marginal…