Executive Summary Long Small Cap Energy Versus Large Cap President Biden has not received a boost in opinion polls from the Ukraine war. If he has not by now then it is increasingly unlikely that he will do so. Yet Biden…
According to BCA Research’s US Political Strategy service, investors need answers to three questions about US policy at the moment: 1. Will President Biden’s reaction to the Ukraine war exacerbate the…
Executive Summary Equities Are Still Attractive Versus Bonds Macroeconomic Outlook: Global growth will reaccelerate in the second half of this year provided a ceasefire in Ukraine is reached. Inflation will temporarily come…
Executive Summary Energy and National Security Will Drive the Market Our 2022 key views are broadly on track. Biden’s shift from domestic to foreign policy is dominating the other views. However,…
Executive Summary Expansion In European Defense European yields have significant upside on a structural basis. European government spending will remain generous, which will boost domestic demand; meanwhile, lower global…
According to BCA Research’s Geopolitical Strategy service, investors should favor bourses that are least exposed to the secular US geopolitical conflict with Russia and China. The US cannot defeat China in a war, so it…
Executive Summary Biden’s Low Approval On Foreign Policy The energy shock stemming from President Biden’s foreign policy challenges could get worse, especially if US-Iran talks fail. The energy and inflation…