Elections
The president did not announce significant new tax cuts or economic stimulus.
Ignore Japan's constitutional debate. Rearmament will accelerate anyway. Tech, defense stocks, and industrials will benefit. The threat to JGBs is real but will probably be contained.
Japan's new government will continue, but politics and foreign policy have become more competitive.
US assets should benefit in the short run as investors recognize that US checks and balances still operate – and so does the election cycle.
The shutdown can continue into November; only when the off-year elections and/or national opinion polls put more pressure on one or both parties will compromise start to come together to reopen the government. The US federal government shutdown continued for…
Trump-era policy patterns are reappearing in FX, supporting a temporary bounce in the dollar. Our Chart Of The Week comes from Chester Ntonifor, FX Solutions and Special Reports strategist.Chester updated his “KISS” (Keep It Simple & Stupid) chart, which…
BCA’s European Investment Strategist service warns that France’s political turmoil is far from over. The minority government is fragile, and the 2026 budget battle is set to trigger renewed social unrest and the threat of a no-confidence vote. Fiscal concerns…
Chat of the Week May 30th
Chat of the…
The latest political developments in Argentina increase the odds of further liberalizing reforms and solidify the economy’s structural upside. First, the libertarian governing party came out on top in Buenos Aires’ legislative elections. While municipal…
Erdogan's rule continues to decline. Social unrest will persist, governance will erode, and the macro backdrop will deteriorate further. We recommend underweighting Turkish assets.