Results of the US Conference Board’s latest quarterly survey show an improvement in sentiment among business leaders. The CEO Confidence measure rose above 50 for the first time in two years – indicating that…
We created a sector selection scorecard based on performance of sectors under various macroeconomic regimes while taking into consideration revisions to expected earnings growth and valuations in a historical context. Our total…
Chinese A-shares will probably begin forming a volatile bottom. The basis is that authorities will likely throw the kitchen sink at the onshore market in an attempt to stabilize share prices. The same is not true for offshore listed…
US equities remain on a winning streak. After a sluggish start to the year, US stocks resumed their rally in late-January. Importantly, the rally has recently broadened out, with nine of the 11 S&P 500 sectors rising so far…
Chinese domestic stocks have fared quite poorly over the past year. Since late-January 2023, the Shanghai Shenzhen 300 index fell roughly 24% to last week’s low, driven by ongoing weakness in China’s economy and a…
The soft landing and rate cuts narrative is being priced out, and the S&P 500 is overvalued and getting overbought. The Magnificent Seven are about to get a new moniker on the back of performance dispersion. However, without the…
BCA Research’s Global Investment Strategy service’s MacroQuant 2.0 model continues to recommend that investors maintain a benchmark allocation to equities over a 1-to-3 month horizon. At the end of January,…
Over the past few months, we have been highlighting that several indicators are pointing to an industrial recovery in Europe. Notably, Swedish indicators were a cause for optimism. The Swedish PMI’s new orders-to-…
BCA Research’s Global Investment Strategy service has officially launched its MacroQuant 2.0 Model. The platform consists of a variety of modules, all of which communicate with each other to produce economically sensible…
A recent slew of macroeconomic data has reassured us that the runway to a recession is longer than many thought. However, that positive realization comes with two caveats. First, the Fed pivot is not imminent, and the magnitude of…