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  BCA Research's Geopolitical Strategy service recommends that long-term investors overweight French equities over other developed market bourses. French equities have underperformed developed market equities by 12% this…
Special Report Highlights We remain bullish on France over the long run. Its industrial economy should revive on global stimulus over the coming years and its government will likely remain reformist in orientation. Macron has enough of a popular…
Highlights The tech sector faces mounting domestic political and geopolitical risks. We fully expected stimulus hiccups but believe they will give way to large new fiscal support, given that COVID-19 is weighing on consumer confidence…
Highlights The decade-long US equity market outperformance versus the rest of the world could be nearing its end. We are upgrading EM stocks from underweight to neutral within a global equity portfolio. We reiterate the change in our…
Special Report Dear Clients, This month we offer you a Special Report on Russia and cyber security by our colleague and friend, Elmo Wright. Elmo recently retired from US Army civil service after 43 years working in intelligence, either on active duty…
Highlights The tech sector is in a manic phase. This mania has further room to run because inflation will remain low for at least the next two years and global central banks will maintain very easy policy conditions, which will cap…
  BCA Research's US Bond Strategy & US Investment Strategy services conclude that the Fed’s emergency lending facilities have successfully stabilized markets. Overall, the Fed’s response has been highly…
Special Report Highlights PORTFOLIO STRATEGY While our cyclically sanguine broad equity market view remains intact, we are cautious on the short-term prospects of the S&P 500, until the election uncertainty lifts. A contested election and…
Special Report Highlights The epicenter of the new Middle East crisis is the Shia Crescent, which threatens global oil supply. However, the escalation of conflict in the Mediterranean is also relevant to global investors. The crises in Libya and the…
  Gallup regularly surveys American households about their financial situation. In April, the largest proportion of US households since the Great Financial Crisis felt that their financial situation was deteriorating. Gallup…