In our "Millennials Are Not Coming Of Age; They Are Already Here” Special Report where we first created the BCA Millennial Basket we mentioned that “we would not hesitate to add other sharing economy stocks, including…
This is our last report of this year. We will resume publications in January. The EM strategy team wishes you a happy holiday season and a prosperous new year. Chart Of The weekFiscal Thrust Is A Major Negative In 2021 Emerging…
Underweight We deem that most, if not all, of the good news (low mortgage rates, low inventories, high demand, work-from-home reality, all-time highs on the overall NAHB housing sentiment survey) is already priced in…
Feature Feature ChartEconomies Have Already Snapped Back In this final report of a tumultuous 2020, we present our key views for 2021 in the form of ten questions and answers during a recent conversation with a client. 1. …
Overweight The S&P movies & entertainment industry has sprung to life on the back of encouraging DIS news. In more detail, Disney’s price hike for the Disney+ service along with exponential subscription growth…
Overweight Emerging markets (EM) and China represent the key source for the sector’s buoyancy. The EM manufacturing PMI clocking in at 53.9 hit an all-time high (top panel). China’s PMIs are also on a similar…
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 2021 and beyond. Next week, please join me for a webcast on Thursday, December…
Overweight We have been bearish this niche S&P sector and delivered alpha to our portfolio both via the cyclical and high-conviction underweights this year. Nevertheless, we do not want to overstay our welcome and the…
In the latest Strategy Report we published our high-conviction calls for the year 2021 comprising four overweights and three underweights. We want to hedge our high-conviction calls with a long VIX futures position for the June 16, 2021…