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 implementation of an oil-price hedging strategy by Russia’s government – consisting of put buying a la Mexico’s strategy for putting a floor under government revenues – would force us to re-…
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…
Highlights The EU’s €750 billion fiscal package, along with another round of US stimulus likely exceeding $1 trillion, will support global oil demand. On the supply side, OPEC 2.0’s production discipline likely holds,…
Highlights Theoretically the US could employ a “Reverse Kissinger” strategy – befriend Russia to isolate China or at least prevent the budding Russo-Chinese alliance. But Trump has made no headway in relations…
Investors do not need to wait for the US election verdict to assess the general trajectory of US-Russia relations, according to a Special Report released on Friday by BCA Research’s Geopolitical Strategy and Emerging…
Highlights The collapse in oil prices supercharges the geopolitical risks stemming from the global pandemic and recession. Low oil prices should discourage petro-states from waging war, but Iran may be an important exception. Russian…