Yesterday, Matteo Renzi pulled out of the center-left coalition currently governing Italy. The former PM believes he can improve his party’s standing in parliament. The Conte government will try to create a new…
BCA Research’s US Political Strategy service concludes that structural reform is coming to the United States in the wake of the riotous 2020 election cycle. The incoming administration of President-elect Joe Biden will…
Highlights Structural reform is coming to the US in the wake of the riotous 2020 election cycle. Extreme levels of political polarization will subside, albeit remaining relatively elevated. This will smooth the way to a more proactive…
According to BCA Research’s Global Fixed Income Strategy service, the odds of a major US fiscal spending boost from the incoming Biden Administration, both in the short-run and over the medium term, are now much higher…
Highlights Further fiscal easing is likely in the US now that the Democrats are set to take control of the US Senate following Tuesday’s runoff elections in Georgia. With the end of the pandemic in sight, a growing chorus of…
Highlights Markets largely ignored the uproar at the US Capitol on January 6 because the transfer of power was not in question. Democratic control over the Senate, after two upsets in the Georgia runoff, is the bigger signal. US…
According to BCA Research’s new US Political Strategy service, investors should go long risk assets and reflation plays on a 12-month basis. We recommend value over growth stocks, materials over tech, TIPS over nominal…
Dear Client, The US Capitol is going on lockdown as we write to introduce BCA Research’s newest investment service, US Political Strategy, in this inaugural report. US Political Strategy will provide timely and actionable policy…
Highlights With a vaccine already rolling out in the UK and soon in the US, investors have reason to be optimistic about next year. Government bond yields are rising, cyclical equities are outperforming defensives, international stocks…