China’s National Development and Reform Commission (NDRC) provided no insights Tuesday on the size or nature of the fiscal stimulus Beijing promised in late September. The key takeaway of the authorities' first briefing…
The month of October ahead of a US general election tends to be a volatile month with negative outcome for equities. As such, it is prudent to remain on the sidelines until after the election.
The US election underscores three long-term trends of Generational Change, Peak Polarization, and Limited Big Government. Investors should expect more volatility around the election and should assess the results before adding more…
Indian equities reached new highs in late September. Our Emerging Market strategists recommend dedicated EM investors use these gains as an opportunity to reduce Indian equity allocations from neutral to underweight. They expect both…
Claudia Sheinbaum officially became Mexico's new president amid significant market pessimism. Our Emerging Market strategists highlighted that investor fears about Mexico’s constitutional changes were largely…
Comments from Bank of England Governor Andrew Bailey on Thursday, hinting at “a more aggressive” pace of rate cuts, marked a shift in rhetoric from previous meetings which signaled a “gradual” pace. The…
According to BCA Research’s Emerging Market Strategy service, the monetary and fiscal policies announced last week are unlikely to produce a meaningful business cycle recovery in China. Below are actions the authorities…
After resisting the consensus narrative in 2022 that a US recession was imminent, and then predicting an immaculate disinflation for 2023, the Global Investment Strategy team has joined the dark side and is now expecting a recession…
We highlighted last week that while the Politburo policy announcements are unlikely to produce a meaningful business cycle recovery in China, they nevertheless administered a shot of adrenaline to investor sentiment. Chinese…
According to BCA Research’s European Investment Strategy service, the surprise fiscal announcement from China’s Politburo is a very different animal from previous stimulus attempts. Although the details are still…