Investors should modestly underweight equities in their portfolios and look to turn more aggressively defensive once the whites of the recession’s eyes are visible. We think that will happen within the next few months.
Our US Equity strategists maintain a constructive outlook on equities, supported by easing policy and resilient earnings, but recommend reducing beta to guard against tail risks. Slowing growth and tariff pressures are expected to be…
It is not yet clear that the Iran war is deescalating, despite the best efforts of global financial markets to dismiss its significance. True, Iran’s missile attacks on US military bases in Qatar and Iraq appear ineffectual as we go to…
This week our three screeners explore: Equity trades across the Euro Zone focusing on Technicals and Sentiment; US Oil, Gas and Fuel stocks; and European Small Caps.
Geopolitical risks and fragile margins reinforce a defensive allocation stance, as oil shocks and high US equity valuations pose growing downside risks. At this month’s Views Meeting, our strategists discussed the potential fallout…
BCA’s EM strategists remain downbeat on EM equities despite a bearish US dollar view, citing profit headwinds and limited valuation support. The ongoing EM earnings recovery has been narrowly concentrated in TMT sectors across China…
Our US Equity strategists remain cautious on small caps, as tariff exposure and slowing growth continue to weigh on this equity style. With the S&P 500 nearing its recent peak, some investors are rotating into riskier segments…
Our Geopolitical strategists expect US involvement in Israel’s military campaign against Iran, raising near-term risks to oil supply and market stability. Iran is likely to retaliate by targeting regional oil production and transport…
US May retail sales missed expectations, reinforcing our defensive allocation stance. Headline sales fell 0.9% m/m from a downwardly revised -0.1%. Core sales dropped 0.1%, while the control group rose 0.4%, beating estimates. Auto…