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Highlights Abenomics was working – prior to trade war and COVID-19 – and it will remain Japan’s economic policy setting, albeit in a new guise. This is true even if a dark horse candidate wins the Liberal Democratic…
Recommended Allocation  Chart 1Only Internet Stocks Have Kept On Rising  It has been a very strange bull market. Although global equities are up 52% since their bottom on March 23rd, the rally has been limited largely to…
  BCA Research’s Geopolitical Strategy service’s quantitative election model now shows Florida as a toss-up state with a 50% chance of flipping back into the Republican fold. As long as the economy continues…
Special Report Highlights President Trump is making a comeback in our quantitative election model. An upgrade from our 35% odds of a Trump win is on the horizon, pending a fiscal relief bill.  The Fed’s pursuit of “maximum…
  BCA Research's Geopolitical Strategy service believes that President Trump is staging a comeback in the election campaign. This makes the presidential election a very close call. The US policy uncertainty index, which…
Special Report Dear Client, I am on vacation this week. Instead of our regular report, we are sending you a Special Report from my colleague Jonathan LaBerge. Jonathan explores the risks posed to commercial real estate and the banking system from work…
Highlights US-China relations in 2020 consist of a gentleman’s agreement to keep the Phase One trade deal in place and aggressive maneuvering in every other policy area. Stimulus is unlikely to be curtailed in the US or China…
  Global central bankers will hold their annual Jackson Hole summit this week, though they will not actually huddle in Wyoming due to the pandemic. While interesting speeches and papers always issue forth from this perennial…
  US President Donald Trump and his Republican Party launched their national convention this week, a four-day virtual event that will feature Trump’s formal designation as the party’s presidential nominee in Charlotte,…
  BCA Research's Geopolitical Strategy service believes that the stock market can apparently ignore the intensifying US-China conflict as long as massive monetary and fiscal stimulus continues. Therefore, the ongoing “…