On Monday, Moody’s downgraded the credit ratings of 10 small to mid-sized US banks and placed some of the biggest US banks on downgrade watch. The latter include Bank of New York Mellon, US Bancorp, State Street, and Truist…
China has generated 41 percent of the world’s economic growth through the past ten years, al-most double the 22 percent contribution from the US. Now that the Chinese growth engine is failing, we explain why it is arithmetically…
The global economy will not enjoy an “immaculate disinflation” but will suffer a very maculate one due to China’s growth slowdown and restrictive monetary policy in the developed world. Investors should stay overweight low-beta…
According to BCA Research’s Global Fixed Income and Foreign Exchange Strategy services, the British pound is overbought in the near-term and is at risk of a pullback on easing rate expectations, but this will represent a…
Greece is experiencing a strong economic revival from its lows of the Sovereign Debt Crisis. The Hellenic Republic has shown resilience, with an annual real GDP growth of 4.5%, outpacing the Euro Area’s growth by 2%. Greece…
Over the past two months, risk sentiment has improved amid receding fears of an imminent US recession. Economic data have been generating strong upside surprises and the US equity rally has broadened with cyclicals outperforming…
The US NFIB’s Small Business Optimism Index increased by 0.9 points to an eight-month high of 91.9, beating expectations of a more muted 0.3-point increase. Although the level remains depressed below the 49-year average of…
Time is running out on the Bank of England’s tightening cycle. UK economic growth is flirting with recession, unemployment is rising, house prices are contracting and inflation is decelerating. Markets are overestimating the eventual…
BCA Research’s US Bond Strategy service cautions against turning bullish on corporate bonds. Corporate bonds have delivered strong excess returns versus duration-matched Treasuries during the past two months. Yet the…
President Joe Biden’s approval rating trended down from a peak in February this year of 45.8% to the current level of 42.1%. Meanwhile his disapproval rating rose from a trough of 50.9% to its current 54.3%. The negative…