Latest from BCA Research

Our Fourth Quarter Strategy Outlook presents the major investment themes and views we see playing out for the rest of the year and beyond.

Special Report

China's current capacity utilization does not look extreme both from a historical perspective and within the global context. The markets misperception about China's overcapacity issue has heavily punished Chinese equities, which is unjustified and unsustainable. Strategically it makes sense to overweight Chinese stocks and material/energy sectors against their global peers.

Special Report

Contrary to the almost universal bearish market consensus, we are raising our tactical view on iron ore to bullish from neutral. We remain tactically neutral on the steel market over the next three months. Strategically, we are bearish iron ore and steel.

Deutsche Bank's woes highlight a much wider malaise within European banks: under-capitalisation and under-profitability. We explain why getting the banks right is crucial to a successful investment strategy in equity, bond and currency markets.

India's agricultural output per capita has not increased at all. Thus, food and headline inflation will remain structurally high, which will negatively impact savings and investment dynamics in the years ahead. With respect to cyclical growth, household spending is very strong, but investment expenditures are stagnant. Fixed-income traders should bet on yield curve steepening in India. A section Brazil's Business Cycle Illustrated highlights the cyclical profile of this economy.

Special Report

This week, we are reviewing all of our active trades discussed in the last twelve months, which are intended to be an overlay to our recommended fixed income portfolio.