In our Volume I – The Alpha Report – we posit that the French bond market reaction is a mere amuse bouche for what is coming to the US. All year, we have warned investors that US politics could induce a bond market riot. This moment…
According to BCA Research’s Global Fixed Income Strategy service, while equity markets can drive US dollar crosses from time to time, bond market inflows matter a lot more. Part of the US exceptionalism story can be…
In a recent report, BCA Research’s Emerging Markets Strategy team recommended upgrading South African assets. The team argued that the new national unity government has an opportunity to ease the restrictive policies and…
The first US presidential debate was held on Thursday. Betting markets were very quick to crown former president Trump the winner. Meanwhile, Biden’s chances to win fell off a cliff. The likelihood that he will not be the…
The bond market should sell off and drag stocks down on higher odds of a single-party sweep, policy uncertainty, unorthodox Trump presidency, aggressive tariffs, large tax cuts, large budget deficits, labor shortages, a fired Fed…
In Section I, we examine some concerning signs of US economic weakness that emerged in June. We also discuss portfolio positioning in the face of falling interest rates and cross-check our recommended US equity overweight in the face…
Mexico has gone from investor darling to massive underperformer within the EM space in the past month. In the eyes of our Emerging Markets Strategy team, the near-term outlook for Mexican risk assets remains poor in absolute…
BCA Research’s Emerging Markets Strategy team posits that the BJP's loss of majority in India’s parliament could be a blessing in disguise for India. The new BJP-led coalition with the National Democratic…