Highlights The not-so-veiled threat to Gulf Arab oil shipments through the critically important Strait of Hormuz by Iran's President Rouhani earlier this week was a response to the ramping up of maximum pressure by the Trump…

Special Report

Highlights Andrés Manuel López Obrador (AMLO) will most likely win the upcoming presidential election; His rising popularity has increased the likelihood that his left-wing party MORENA wins the lower Chamber of Congress…

Highlights BCA's Geopolitical Power Index (GPI) confirms that we live in a multipolar world; Most of President Trump's policies are designed to strike out against this structural reality; Trade war with China is real and…

Highlights Global Inflation has upside on a cyclical basis, but this narrative is well known and investors have already placed their bets accordingly, buying inflation protection in a wide swath of markets. However, global growth has…

Special Report

Highlights Contagion risk from Italy to its European peers presents a buying opportunity; Italian policymakers are constrained by the bond market and avoiding brinkmanship; In a game of chicken between Berlin and Rome, Chancellor…

Special Report

Highlights North Korea is a geopolitical opportunity more than a risk to markets - the key regional risk comes from U.S.-China tensions; China's geopolitical rise, and the fear of a U.S. attack on North Korea, is driving the two…

Special Report

Highlights Investors are underestimating the risks of U.S.-Iran tensions; The Obama administration's 2015 deal resulted in Iran curbing aggressive regional behavior that threatened global oil supply; The U.S. negotiating position…

Highlights Will A Rising U.S. Dollar Alter The Fed's Tightening Plans? U.S. economic growth appears to be accelerating, the labor market continues to tighten, core inflation is approaching the Fed's target and wage growth is…

Recommended Allocation  A Series Of Unfortunate Events Markets have taken a series of hits in recent months - sharp drops in emerging market currencies, a political crisis in Italy, and the ongoing trade war between the U.S.…