We noted in a late-September insight that another wave of COVID-19 had begun, but that this wave was less deadly than before. We highlighted that the incremental mortality rate, defined as fatalities over the past 30 days as a…
Highlights Our model suggests that more rate hikes are ahead in 2021; we project a less than 50bps increase in the PBoC policy rate from the current level. Chinese stock prices positively correlate with interest rates and bond yields…
Dear client, Next Monday, October 19, we will be hosting our quarterly webcast, “From Alpha To Omega With Anastasios”, at 10am EST; Matt Gertken, BCA’s Geopolitical Strategist will be our guest on the eve of the US…
Following yesterday’s proposal of skinny, targeted fiscal stimulus by President Trump, BCA Research’s geopolitical strategists curtailed the odds of any significant stimulus deal ahead of the election to 20%. The…
Highlights Aggregate household net worth reached an all-time high in the second quarter and likely rose further in the third quarter: The first quarter’s record quarter-on-quarter decline was completely unwound in the second…
Highlights Misunderstanding 1: The danger of Covid-19 is its short-term mortality rate. In fact, the danger of Covid-19 is its long-term mortality and morbidity rate. Misunderstanding 2: The government-imposed lockdown causes the…
Dear Client, We are sending you our Quarterly Strategy Outlook today, where we outline our thoughts on the macro landscape and the direction of financial markets for the rest of the year and beyond. We will also be hosting a webcast…
BCA Research's US Equity Strategy service believes that volatility will remain elevated heading into the election. This phase offers an opportunity for investors to reshuffle portfolios and prepare for an eventual resumption…
The lack of pulse of global airline stocks is at odds with the rebound in industrial equities. However, it highlights our theme of avoiding the sectors that remain affected by social distancing measures. With the second wave of…