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  According to BCA Research’s US Political Strategy service, US fiscal policy is marginally negative for the economy and marginally increases the odds of recession in 2023-24. It is not a positive catalyst for equities in the…
Positive economic surprises have delayed the onset of recession in the United States. But tighter monetary and fiscal policy, slowing global growth, and a looming rebound in policy uncertainty and geopolitical risk suggest that…
  Gulf Cooperation Council (GCC) oil producers stand the most to gain following the failed coup against the administration of Russian President Vladimir Putin. The biggest beneficiaries will be the Kingdom of Saudi Arabia (KSA…
  Our Geopolitical Strategy service cautions investors of Russian instability, which will likely push up the global equity risk premium in the next few months. After some developments during the weekend, Vladimir Putin and his…
Special Report The Russian mutiny reveals the underlying trend of domestic instability. Russian instability is negative for global stability. The endgame of the war in Ukraine is exacerbating the problem, likely pushing up the equity risk premium…
Special Report Talks of a détente are premature and there is no domestic political basis in China or the US to support a true détente. Investors should not underappreciate global risk, on the basis of a détente, and should avoid Greater China…
Special Report We are strategically bullish on the outlook of the energy sector. Domestic and external political constraints asserted themselves, restraining the most negative impulse against this sector by the Biden administration. Go long energy…
  According to BCA Research’s Geopolitical Strategy service, geopolitical risk will rise before the Ukraine war is resolved, punishing eastern European emerging market assets on a relative basis. Ukraine’s…
  According to BCA Research’s US Political Strategy service, if Trump is imprisoned, the odds of Republican policy enactment will rise, not fall, on the margin. If he is not imprisoned, then the opposite will occur. Prior…
In response to the first-ever federal indictment of a former President, investors should focus on the state of the economy and not on Trump’s legal trouble. They should also use the current market rally to stock up on protection, as…