In his first public comments as the chief economist of the Bank of England, Huw Pill highlighted that “the balance of risks is currently shifting towards great concerns about the inflation outlook.” He also noted that “the…
Highlights Q3/2021 Performance Breakdown: Our recommended model bond portfolio outperformed the custom benchmark index by +8bps during the third quarter of the year. Winners & Losers: The government bond side of the portfolio…
BCA Research’s European Investment Strategy service concludes that an opportunity to overweight European small-cap stocks will emerge in the coming weeks. The relative performance of European small-cap stocks is pro-cyclical.…
The Sentix Economic Index for the Eurozone showed a deterioration in investor confidence in October. The headline index fell from 19.6 to 16.9, below expectations of 18.6. Notably, both the current situation and expectations…
Highlights European small-cap equities have structurally outperformed large-cap stocks. This outperformance echoes the desirable sectoral biases of small-cap stocks. It also reflects the inability of European large-cap stocks to…
Highlights Recommended Allocation The global economy will continue to grow at an above-trend rate over the next 12 months and central banks will remove accommodation only slowly.But the second year of a bull market is often…
Highlights The fourth quarter will be volatile as China still poses a risk of overtightening policy and undermining the global recovery. US political risks are also elevated. A debt default is likely to be averted in the end. Fiscal…
HighlightsThe power shortage in China due to depleted coal inventories and low hydro availability will push copper and aluminum inventories lower, as refineries there – which account for roughly one-half of global capacity – are shut to…
Results from Sweden’s September Economic Tendency survey were a minor disappointment. The headline indicator slipped 0.7 points to 119.9. The confidence indicators for both the manufacturing industry and consumer declined…