BCA Research's China Investment Strategy service underlines that while developments in the pandemic remain fluid, their baseline view suggests that the wealth effect will have a limited but positive impact on Chinese middle-…
Yesterday, BCA Research's Global Asset Allocation service analyzed the lessons learned from the 1918/19 Spanish Flu pandemic. Today’s economy is very different from that of 100 years ago. Many countries then were in…
Highlights At 50% Trump’s reelection odds are too high, flagging a risk to equity markets of policy discontinuity. The virus, unemployment, and wages will weigh on him over the year. Trump’s polling is firm because the…
Dear Client, In lieu of our regular report next week, we will be sending you a Special Report on China from Matt Gertken, BCA Research’s Chief Geopolitical Strategist. Matt will discuss whether China’s President Xi Jinping is…
Highlights Fear of deflation – especially at current debt levels – will keep central-bank policy looser for longer. As a result, monetary authorities will do whatever it takes to revive inflation and inflation expectations…
Highlights Portfolio Strategy The Fed’s unorthodox monetary policy is aimed at quashing volatility, lifting asset prices and debasing the currency, all of which are equity market bullish. Grim, but backward looking, macro data…
Last Friday, BCA Research's Global Investment Strategy service highlighted the risks of relaxing lockdown measures akin to what happened to the Spanish Flu. Once the number of new cases drops to sufficiently low levels,…