Dear Client, In addition to today’s report, we sent you our 2019 Outlook earlier this week, featuring a discussion between BCA editors and Mr. and Ms. X. Best regards, Peter Berezin, Chief Global Strategist Highlights Today…
OPEC 2.0’s meeting next week in Vienna once again will feature a full cast of dignitaries representing member states, including the energy ministers from the Kingdom of Saudi Arabia (KSA) and Russia, Khalid al-Falih and Alexander…
Highlights On a 6-month horizon, go long a combination of banks and high quality 10-year bonds. The recommended combination is 25 cents in the banks and 75 cents in the bonds. The preferred banks are European or euro area and the…
The lack of a discernible 2015-16 consumption boost after oil cratered upended the notion that the U.S. economy is as negatively correlated with oil prices as it has been cracked up to be, and the equity reaction also bucked the…
Our Commodity & Energy Strategy group has been prescient about oil since 2015. The team blends bottom-up fundamental analysis, top-down global macro analysis, and insights from trading markets fosters a holistic view of all…
October and November were terrible months for global markets, but oil prices stand out as the primary underperformer among the major assets. If a global recession really were afoot, EM and Chinese equities would not likely be…
Mr. X and his daughter, Ms. X, are long-time BCA clients who visit our office toward the end of each year to discuss the economic and financial market outlook. This report is an edited transcript of our recent conversation. Mr. X: I have…
Highlights Crude oil has had an awful two months, ... : As bad as October and November have been for financial assets, they've been worse for oil, which shed more than 30% of its value in the span of just eight weeks. ... but its…