Latest from BCA Research
After silver's parabolic surge, we assess the rally's vulnerability by examining its weakest links. We conclude that silver is ripe for a pullback.
In our 2026 inflation outlook, we explain why 2026 will bring more disinflation, upside risks remain contained, and how to position in ILBs across major markets.
Investors should bet against the US seizing Greenland by force and collapsing NATO. But stay tactically defensive anyway.
On Monday – January 19 – BCA Research will hold its View Meeting (open to all clients to view online or as a recording!). This is the gathering of all Chief Strategists to talk about the economy, views, and markets. A veritable Macro Entmoot! Every weekend before a View Meeting, I try to step back and think big picture. In particular, I like to think what will be the defining geomacro issue of the year. And how will it impact the markets.
This week, our screeners explore opportunities in Canadian oil sands producers and global aluminum producers.
The AI trade has broadened beyond Public Markets, pulling Private Credit deeper into the ecosystem. Investors are right to understand their overlapping exposures between Public Equities, Venture Capital, Data Centers, and now Private Credit. However, risks from rising Venture Capital Debt and Asset-Based Lending are going unnoticed.
Japan's new government will continue, but politics and foreign policy have become more competitive.
Mortgage spread tightening has run its course. Any further drop in mortgage rates will necessitate lower Treasury yields.
Go long KRW versus USD. Within an EM equity portfolio, overweight Korean tech and stay neutral on Korean non-tech. However, we are not bullish on the Korean bourse's absolute performance.