Dear Client, We are sending you our Strategy Outlook today, where we outline our thoughts on the macro landscape and the direction of financial markets for the rest of 2021 and beyond. Next week, please join me for a webcast on…
Highlights Recommended Allocation The global economy will continue to grow at an above-trend rate over the next 12 months and central banks will remove accommodation only slowly.But the second year of a bull market is often…
Brent prices climbed to an over six-year high on Tuesday, nearly touching $80/bbl. Current prices are above our Commodity & Energy strategists’ expectation that prices will average $70.50/bbl in Q4 and $75/bbl in 2022. The…
Although the US dollar has appreciated this year, our foreign exchange strategists highlight that from a big picture perspective, dynamics remain tilted against the dollar. True, the DXY is off its May low of 89.6. However, it…
The American Association of Individual Investors’ latest sentiment survey reveals that bullish sentiment has collapsed. Bears exceeded bulls by 16.9 points in the week ending September 15 – among the widest margins in the history…
The Evergrade debacle (see Country Focus) underscores the risks facing the global housing market. Ultra-low interest rates are fueling a surge in house prices across the world (see The Numbers). The rapid price increase is making…
At first glance, Singapore’s exports appear to be sending a warning about the state of global manufacturing. The country’s non-oil domestic exports disappointed in August, falling 3.6% m/m versus an anticipated 2.4% increase. The…
Dear Client, I will be holding a webcast next Friday, September 24th at 10:00 AM EDT (3:00 PM BST, 4:00 PM CEST, 11:00 PM HKT) with BCA Research’s Chief Emerging Markets Strategist Arthur Budaghyan where we will debate the outlook…
The results of ManpowerGroup's Q4 2021 global employment outlook survey - released earlier this week - provide further evidence that labor markets are tight globally. The share of global employers reporting difficulty…
Highlights Stocks tend to perform worse when unemployment is low. Since 1950, the S&P 500 has risen at an annualized pace of 12% when the unemployment rate was above its historic average compared to 6% when the unemployment rate was…