Commodities & Energy Sector

Key Views 2026: EM, China, And Commodities

Special Report

Risk assets in EM/China and cyclical commodities will sell off in H1 2026. A shift toward aggressive policy stimulus in China and a clear improvement in global manufacturing are needed to produce durable rallies in EM/China risk assets and the prices of energy and industrial metals.

9 months ago

China Emerging Markets Commodities & Energy Sector

Essentials

Recent Commodity Strength Isn’t A Global Growth Signal

Maintain defensive commodity positioning as recent rallies reflect tariff distortions, not a turn in global growth. Despite soft global growth, copper, silver, gold, and shipping rates have rallied. Our Commodity strategists do not interpret this as evidence…

9 months ago

Copper Base Metals & Iron Ore Commodities & Energy Sector

CoreMacro

MacroQuant Model Update: MacroQuant Remains Bullish On Stocks, But Cracks Are Forming

MacroQuant remains tactically overweight equities, favors an above-benchmark duration stance in fixed-income portfolios, remains bearish on the US dollar, and is bullish on gold.

10 months ago

BCA Indicators/Model Financial Markets Asset Allocation

Essentials

Copper: To Chase Or Not To Chase?

Our Commodity strategists remain cyclically short LME copper and introduce a stop-loss at $11,500, as supply-driven strength faces growing demand headwinds. While recent price gains have been fueled by production disruptions and tariff speculation, history…

10 months ago

China Copper Economy

CoreMacroPortfolio

MacroQuant Model Update: Short-Term Gain Vs. Long-Term Pain

MacroQuant is tactically overweight equities, favors an above-benchmark duration stance in fixed-income portfolios, remains bearish on the US dollar, and is bullish on gold and copper.

11 months ago

BCA Indicators/Model Financial Markets Asset Allocation

Essentials

Russia Oil Sanctions: Not A Game Changer

Our Commodity strategists advise staying short Brent, with a stop-loss at $73/bbl, as US sanctions on Russian crude are unlikely to meaningfully impact prices over a cyclical horizon. While new restrictions on Rosneft and Lukoil could disrupt trade flows near…

11 months ago

Oil Russia Economic Sanctions

Essentials

A Gold Consensus

More than half BCA’s Clients expect gold to be above $5,000 in a year’s time. In the latest weekly poll on the Have Your Say section of BCA's website, we asked our clients for their October 2026 gold price forecast. The gold price has already risen by 62%…

11 months ago

Gold Bubbles

FICC

Navigating Precious Metal Waves

Speculative froth has built up across all precious metals, yet gold’s structural tailwinds will allow it to weather corrections better than its peers.

11 months ago

Precious Metals Bitcoin Gold

Essentials

The Geopolitical Trilemma And Real Assets

Our GeoMacro strategists remain overweight equities and bonds for now but warn that markets will soon test their “melt-up” thesis, as the cycle transitions from cash- to leverage-driven growth. The dominant theme of 2025 is not AI, but USD debasement. While a…

11 months ago

US Correlations Financial Markets

Essentials

Weekend Read: How To Hedge World War III

Buy commodities, neutral markets, and crypto to hedge against World War III. In their latest special report BCA’s GeoMacro and Global Asset Allocation strategists outline an asset allocation framework for a deep tail risk scenario: a major global military…

11 months ago

Asset Allocation Financial Markets Multipolarity

Commodities & Energy Sector

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