Our reaction to this morning’s CPI report and bond market moves.
Gold and bitcoin are conceptually joined at the hip because the value of both comes from their ‘non-confiscatability’ by inflation, by bank failure, and in the case of bitcoin, by state expropriation. The sharp recent rallies in both…
According to BCA Research’s Emerging Markets Strategy service, peaking property prices will remove the sole tailwind behind the Emirati Stock Market. Over the past couple of years, the Emirati stock market has been…
Some of the biggest US banks will kick off the reporting season in earnest this Friday, leading increased market focus on Q1 2024 earnings. According to Factset, analysts expect S&P 500 year-over-year earnings growth to…
Italy and Spain have a poor reputation when it comes to their economies. The European debt crisis affected them more than other Euro Area countries. Their housing markets collapsed and debt cost soared. France and Germany, while…
The NFIB’s small business optimism index decreased by 0.9 points to 88.5 in March, missing expectations of 89.9, and reaching its lowest level since 2012. A few things stood out from the report: Labor market…
Fears of a hard landing are abating as growth has been surprising to the upside. New worries are emerging, such as the trajectory of disinflation, and the pace and timing of rate cuts. In this environment, it is important to build a…
Subdued credit growth and weak global trade will remain headwinds for Emirati stocks. Surging property prices, which have led to a boom in real estate stocks, will also peak soon. Stay neutral on this bourse. Sovereign credit…
According to BCA Research’s US Bond Strategy service, until labor market cracks emerge, the path of least resistance for bond yields is probably higher, but the potential near-term upside in yields is limited. The team…
Commodities are making headlines with the prices of crude oil, copper, and gold all making sizeable gains since mid-February. Multiple forces have been cited as drivers of the rally across these commodities. Increased…