BCA Research's Geopolitical Strategy service maintains its high conviction call that a new spending bill will be passed, likely by August 10. Fresh fiscal stimulus is more positive for the cyclical outlook than the…
Professors Chetty, Friedman, Hendren and Stepner of Harvard and Brown universities have launched a website where they use big data to track the progress of the recovery on a live basis. As the above chart highlights, their…
Dear Client, In lieu of our regular report next week, we will be sending you a Special Report from my colleague Garry Evans, Chief Global Asset Allocation Strategist. Garry will be discussing the social and industrial changes that will…
Highlights The use of physical distancing and face masks restricts any activity that requires the use of your mouth and nose in proximity to others. We estimate that this restriction could wipe out 10 percent of jobs. Hence, as…
BCA Research's European Investment Strategy service concludes that while the pandemic remains in play, the European stock market will struggle to outperform the US stock market. To understand what has been happening in the…
Highlights Equities and other risk assets face near-term headwinds from the surge in Covid cases in the US Sun Belt and the looming fiscal cliff. We think these problems will be resolved, but the next few weeks could be rough sledding…
Gallup regularly surveys American households about their financial situation. In April, the largest proportion of US households since the Great Financial Crisis felt that their financial situation was deteriorating. Gallup…
As economies re-open, the mobility of citizens is picking up around the world. According to Apple Mobility data, while people are walking more than they did prior to the pandemic, they are using public transportation…
Highlights US consumer spending will stall this summer in response to the rising number of Covid cases. Worries about the looming fiscal cliff could also dampen sentiment. Markets are likely to trade nervously over the coming days, but…