MacroQuant upgraded equities to overweight in February on a tactical short-term (1-to-3 month) horizon, but it continues to see downside risks to stocks on a medium-term (12-month) horizon. Consistent with the model’s relatively…
According to BCA Research’s Private Markets & Alternatives service, fundamentals show US Multifamily assets to be akin to picking up pennies in front of a steamroller. Multifamily, and Office, have long served as…
The US ‘immaculate disinflation’ has run its course, given that labour force participation is topping out. This leaves the Fed with a dilemma. Settle for price inflation stabilising at 3 percent, and cut rates early to avoid higher…
On the surface, the US durable goods report delivered a negative surprise on Tuesday. The 6.1% m/m drop in new orders in January fell below expectations and the December figure was revised down to 0.3% m/m from 0.0% m/m.…
According to BCA Research’s China Investment Strategy service, the odds of a “Minsky Moment” are low for the Chinese banking sector. Chinese banks, however, will continue facing cyclical and structural headwinds…
The 2023Q4 earnings season is drawing to a close with over 80% of S&P500 companies having reported results. However, the three main providers of aggregate earnings data are posting significant variations. Indeed, IBES…
Nvidia’s blowout Q4 2023 earnings results and bullish guidance catalyzed a rally in global stocks that pushed the S&P 500, Europe’s Stoxx 600, and Japanese Nikkei to record highs on Thursday. The S&P 500 is…
We rank the US spread sectors in terms of risk versus reward.
According to BCA Research’s European Investment Strategy service, European tech stocks could outperform their US counterparts in the last leg of the rally. The tech sector is in a bubble in advanced economies. While it…