Our US Equity strategists highlight Data Center Infrastructure as a long-term investment theme, with Capital Goods and Materials companies emerging as key GenAI beneficiaries. As hyperscalers accelerate global data center expansion,…
Inflation expectations remain central to monetary policy frameworks, as they hinge on central bank credibility and shape policy responses. After years of persistent disinflation and zero lower bound constraints between the GFC and…
Macro momentum remains neutral, with the latest ISM Manufacturing PMI showing stabilizing yet still weak growth. The headline index missed expectations and continued to signal contraction, but new orders, which usually lead the…
Markets are overpricing the risk of the Supreme Court striking down Trump’s tariffs. Our Chart Of The Week comes from Matt Gertken, Chief US and Geopolitical Strategist. Following Wednesday’s Supreme Court hearing, betting…
The FOMC meeting in mid-December remains live. The rates market is pricing in a 72% probability that the Fed will cut rates by 25 bps. In the latest weekly poll on the Have Your Say section of BCA's website, 69% of respondents agreed…
US consumer sentiment fell sharply in November, signaling weaker momentum despite resilient consumption data. The preliminary University of Michigan Index dropped more than expected to 50.3 from 53.6, near all-time lows. Both current…
Our Portfolio Allocation Summary for November 2025.
Our Emerging Markets strategists recommend a long Asian semiconductor stocks / short US hyperscalers trade over the next 6–12 months, with a positive return profile in both bullish and bearish AI scenarios. Korean and Taiwanese…
As the government shutdown nears its end, alternative data continue to show a gradually weakening US labor market. The October ADP report indicated slowing private-sector job growth, while Indeed data showed a decline in job openings…
