After the shotgun marriage of Credit Suisse to UBS last weekend and the “bail-in” of Credit Suisse’s AT-1 bonds, which were written down to zero, and the failure of two regional US banks, investors are worrying…
This week’s report looks at the banking crisis within the context of shrinking dollar liquidity and implication for FX markets.
Global economic growth has slowed meaningfully over the past year, weighed down by declining consumer purchasing power and a sharp rise in interest rates in developed economies. While the pace of further rate hikes is in the…
Bank failures are another ‘canary in the coal mine’ warning that a US recession is imminent, yet stocks, bonds, and the oil price are still a long way from fully pricing it.
BCA Research’s US Political Strategy & US Equity Strategy services are bullish on generative AI as a long-term investment theme. One of the reasons for the technology sector’s unexpected outperformance since…
The combination of collapsing energy inflation and cooling wage inflation means that euro area core inflation will slump later this year. We discuss the consequences.
The global PMI data for February showed a modest increase in actual momentum, but with a surge of optimism on future growth that is likely centered on China’s reopening from COVID lockdowns. The overall J.P. Morgan…
January’s broad-based rally morphed into a selloff in February with nearly all major financial assets we track ending the month in the red. Concerns that central banks will keep interest rates higher for longer was the…
China’s housing market adjustment will be protracted, causing several years of sub-par growth in the world’s second largest economy. We go through the major investment implications.