The overstretched tech stocks finally buckled after an exceptional run. The correction taking shape in those widely held stocks that have driven the entire S&P 500 higher has caused the whole market to fall as well.…
The sharp recovery in global shipping rates indicates that the recovery in the global trade cycle has legs. The Harpex Shipping Index, which measures the cost of chartering a container ship is now a stone-throw away from its…
Chart 1 Today, we continue cautioning investors about how overstretched the equity market is and highlight a few key reasons not to chase it higher; especially technology stocks. The top five stocks in the SPX (AAPL, MSFT,…
Highlights EM domestic fundamentals, global trade and commodities prices, as well as global financial market themes are the main drivers of EM financial assets and currencies. The positive effect of improving global growth and rising…
BCA Research’s US Equity Strategy service put the S&P banks index on downgrade alert. Following the recent Fed stress results and the resulting dividend cuts, banks have continued to trail both the broad equity market…
Neutral - Downgrade Alert Bank stocks fail to catch a break. Following the recent Fed stress results and the resulting dividend cuts, banks have continued to trail both the broad equity market and their early cyclical peers…
The outperformance of transportation stocks relative to utilities has gained pace in the month of August. This internal market dynamics is important because it confirms that the outlook for cyclical equities is improving relative…
GAA DM Equity Country Allocation Model Update The GAA DM Equity Country Allocation model is updated as of August 31, 2020. The country allocation model still favors the US as its largest overweight. Despite Japan’s…
BCA Research’s US Investment Strategy service argues that despite investor worries, while several malls are likely to fail in in 2020 and 2021 their disappearances are not likely to hurt the economy. Retail properties…