BCA Research in the news

The Wall Street Journal

Renewed Demand for Treasurys Quells Fears of Rising Rates—for Now

January 27 2021

“We’re at this point of potential fragility,” said Dhaval Joshi, chief European investment strategist at BCA Research. Going forward, he said, yields and stocks could make modest adjustments to normalize their relationship, or there could be “a more destructive solution where the yield overshoots and the market at some point panics.”

Reuters

Bond market watching for ongoing Fed reassurance on purchases

January 27 2021

Yield increases prompted by the Fed paring bond purchases could hurt stocks, but “if yields go up because the economy is on fire and inflation expectations are moving up, then that’s OK for stocks,” said Peter Berezin, chief global strategist at BCA Research in Montreal.

Bloomberg

Ponzi-Stage Stocks Are Stable. Just Don't Cough

January 08 2021

Just how can the bond market rein in the stock market, though? BCA Research Inc.’s strategist Dhaval Joshi offers the following model, based on the spread between the forward earnings yield (inverse of the P/E) of global technology stocks and the 10-year Treasury yield.

Reuters

Bitcoin bulls, beware of fractal dimension!

January 05 2021

"What it tries to measure is when the investment horizon of short-term traders and long-term traders pretty much coincide - when they start to have exactly the same views," says Matheiu Savary, global macro strategist at BCA Research.

CNBC

South Korean stocks had their best year in more than a decade in 2020

January 03 2021

Arthur Budaghyan, chief emerging market strategist at BCA Research, said the South Korean stock market got a boost from its diverse composition of tech and industrial companies.

Financial Times

UK economists’ survey: recovery will be slower than in peer countries

January 03 2021

Dhaval Joshi, chief European strategist at BCA Research: Absent further shocks, the UK economy can expect to regain its pre-pandemic size in the second half of 2021.