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Executive Summary Stocks Not Linked To Presidential Approval    President Kennedy’s performance in 1962 would be ideal for the Biden administration in this year’s midterm elections – but today the…
Executive Summary German GeoRisk Indicator  Russia and Germany have begun cutting off each other’s energy in a major escalation of strategic tensions. The odds of Finland and Sweden joining NATO have shot up. A halt…
Executive Summary Allies Still Have Faith In USD  The Biden administration’s use of sanctions has prompted market speculation about the longevity of the dollar. Yet the DXY has hit 100 and could break out, in the…
  As expected, French President Emmanuel Macron secured a second term in the final round of the French presidential elections on Sunday, beating far-right rival Marine Le Pen by 58.5% to 41.5%. EUR/USD benefitted from a brief…
Listen to a short summary of this report.         Executive Summary Small Caps Are Looking Attractive Relative To Their Large Cap Peers  Adverse supply shocks have pushed down global growth this year…
Special Report Executive Summary The Declining Value Of An Old Friendship  India may buy cheap oil from Russia, but oil alone cannot expand this partnership. India needs to maintain a balance of power against China and Pakistan. With…
Dear Client, Next week, there will not be a written European Investment Strategy report; instead we will host a Webcast on April 26 with Chester Ntonifor, BCA’s Foreign Exchange Strategist. Regards, Mathieu Savary Executive…
Executive Summary Macron Still Favored, But Le Pen Cannot Be Ruled Out  Macron is still favored to win the French election but Le Pen’s odds are 45%. Le Pen would halt France’s neoliberal structural reforms,…
  Results of the first round of the French presidential election show France’s centrist President Emmanuel Macron ahead with 28% of the votes, while far-right challenger Marine Le Pen captured second place with 23% of the…
Executive Summary The Ukraine war reinforces our key view that commodity producers will use their geopolitical leverage this year. The market is growing complacent again about Russian risks. Iran is part of the same dynamic. If US-…