In a recent report, BCA Research’s Emerging Markets Strategy team recommended upgrading South African assets. The team argued that the new national unity government has an opportunity to ease the restrictive policies and…
The University of Michigan survey of consumers was released on Friday. The sentiment measure increased from 65.6 to 68.2, beating consensus estimates of 66. Current conditions as well as expectations also increased, going from 62…
The bond market should sell off and drag stocks down on higher odds of a single-party sweep, policy uncertainty, unorthodox Trump presidency, aggressive tariffs, large tax cuts, large budget deficits, labor shortages, a fired Fed…
In Section I, we examine some concerning signs of US economic weakness that emerged in June. We also discuss portfolio positioning in the face of falling interest rates and cross-check our recommended US equity overweight in the face…
Right after the pandemic, many US homeowners locked in mortgages at extremely low rates. When interest rates rose, these homeowners refused to sell, as moving to a new home would result in an interest rate reset. In turn this…
Australia’s inflation for May was released on Tuesday. Annual headline CPI increased from 3.6% in April to 4%, outpacing expectations of 3.8%. Trimmed-mean inflation also increased from 4.1% to 4.4%. Individual…
BCA Research’s Emerging Markets Strategy team posits that the BJP's loss of majority in India’s parliament could be a blessing in disguise for India. The new BJP-led coalition with the National Democratic…
Our Global Investment Strategy team often highlights the job openings-to-unemployed ratio as a gauge of the labor market’s slack. This indicator climbed to over 2 job openings per unemployed person in 2022, as labor…
According to BCA Research’s European Investment Strategy service, the BoE will start cutting rates in September, but the pace of subsequent rate cuts will be modest until a recession engulfs Western economies in early 2025…