Economy
According to BCA Research’s European Investment Strategy service, investors should not chase European equities higher from current levels. The soft-landing narrative has captured the minds of investors. The expectations of more disinflation and meaningful…
Taiwan’s election will lead to serious Chinese military and economic pressure but not full-scale war. War is a long-term concern. Investors should short TWD-USD.
We share the edited transcript of a webinar we participated in discussing global trade, trade wars and tariffs, as well as de-risking strategies.
The soft-landing narrative has won, but is too much of a good thing now expected by investors?
In this note, we preview the Q4-2023 earnings season and share what we will be watching.
Chinese credit dynamics remain muted with the expansion in total social financing easing from 2.45 trillion yuan to 1.94 trillion yuan in December, below expectations of a tamer slowdown to 2.16 trillion yuan. Loan growth also disappointed, with the 1.17…
The Treasury curve bull steepened meaningfully on Friday with the 2-year yield falling by nearly 11 basis points versus the 3 basis point decline in the 10-year yield. A softer than anticipated US PPI release prompted this move. The unexpected 0.1% m/m…
According to BCA Research’s Global Investment Strategy service, the EV boom, much like the initial auto revolution over a century ago, could experience several disruptions. Buying diesel-engine era heroes can act as a call option on coming EV market…
After a tumultuous year, our Equity Analyzer team took stock on how the BCA Score faired globally. The indices are constructed for each region by selecting the top 10% of stocks with a market-cap above 1 billion USD according to their BCA Score. All indices…
On the surface, domestic economic data painted a mixed picture of conditions in China at the end of 2023. On the positive side, the December trade data beat expectations. The dollar value of Chinese imports expanded by 0.2% y/y, surprising anticipations that…