Doug is currently BCA Research’s Chief Strategist, U.S. Investment Strategy. He joined BCA Research in 2010 and has also led the Global Asset Allocation service. Prior to BCA Research, he spent over 20 years as a strategist, analyst and trader. Doug holds an MBA with Honors in Finance and Economics from the University of Chicago and a B.S. in Accounting from the University of Virginia. He is a CFA charter holder.
Tips on Survival From the Queen Who Excelled at It: Discipline, patience and a certain passivity paid off. Investors might take heed.
September 09 2022
Depending on what corporations say next month, and developments in the economy, it’s still possible to construct a moderately bullish case for earnings. Doug Peta, chief US investment strategist at BCA Research, puts it together in two parts. First, the extent of the pandemic-era boost to consumers’ incomes has led consumption to be very resilient. That in turn implies that revenues can keep growing.
The Delta variant could thwart the recovery that has driven stocks to record highs.
August 05 2021
Though the Delta variant is concerning and US growth may have peaked, there are far more reasons to be bullish on stocks than bearish, wrote Doug Peta, chief US investment strategist at BCA Research, in a recent report
The Dow and Nasdaq are approaching big milestones. Is it too late to invest?
February 19 2020
"In general, round numbers are noise that don't mean much for investors, even if it sometimes takes a few trading sessions to get past those milestones," said Doug Peta, chief US investment strategist with BCA Research.
What to Expect When China’s Markets Reopen
January 31 2020
Banks have decreased their overall exposure to commercial property loans to levels below their 2008 and 1989 peaks. It is worth noting that smaller banks have taken an increasingly important role in the commercial property market, as they now finance 65% of all commercial property loans. However, a stronger concentration in smaller banks represents a localized, rather than systemic, risk, as smaller banks tend to have a more concentrated geographic exposure. Conversely, large banks have significantly shrunk their commercial real-estate loan books. The composition of the commercial property loan book has changed drastically since the Great Financial Crisis. Banks have significantly reduced their exposure to more speculative construction and development loans. Risk appetite typically increases in the latter stages of an expansion, yet construction loans remain at relatively depressed levels.
Own stocks, thank the Fed and don’t expect the next U.S. recession to start anytime soon, says BCA Research
December 12 2019
But the economy still likely has at least another 18 to 24 months to run before the next downturn starts, which means stocks likely will hold up in the coming months and years, according to BCA’s Chief U.S. Investment Strategist Doug Peta.