In this Insight, we look into the recent CPI release in Canada, and the possible implications for fixed-income market trades.
Markets had already been sussing out that the Bank of Canada (BoC) will cut rates for the second time when it meets next week, and this morning’s soft CPI report all but confirmed it. The last remaining obstacle in the…
According to BCA Research’s European Investment Strategy service, the threat to European equities stems from growth, not French politics. After the dissolution of the French parliament on June 9th, investors sold…
On Monday morning, both election betting markets and financial markets reacted to the attempted assassination of Donald Trump that occurred over the weekend. Predictably, the betting odds that Trump will win the presidency in…
The real threat to European equities is growth, not political risk. How low will Eurozone earnings fall during the coming recession and how much will equities decline in response?
The cyclical economy is slowing today. Republicans are now more likely to win a full sweep, crack down on immigration and trade, and at least modestly stimulate the economy. Uncertainty and volatility will rise.
In this report, we present the quarterly review of our Model Bond Portfolio. Rebounding growth and political instability led to slightly negative portfolio performance in Q2/2024. As global growth starts to moderate, we continue to…
US dollar liquidity has been shrinking, which has important ramifications for global asset prices, including currencies. In this report, we delve into the process of dollar liquidity creation and the outlook for currencies over the…
Second quarter earnings season began for US public companies on Friday as JPMorgan (JPM), Citigroup (C) and Wells Fargo (WFC) reported their results before the open. (BAC, the other commercial bank SIFI (systemically important…
According to BCA Research’s Global Investment Strategy service, investors are overstating the degree to which bond yields will rise under a Trump presidency. For one thing, the team expects the US to fall into recession…