Macro Investment Insights & Market Commentary

Upcoming Webcast

Join us for a Webcast introducing BCA Intelligence, our new platform for bringing BCA’s current insight and historical investment thinking into the AI assistants, analytics platforms, and internal systems your team uses.

We’ll discuss:

What BCA Intelligence is, and how it works
Why searchable, citation-backed macro insight matters
How it can support existing research and investment workflows
Practical use cases that show BCA Intelligence in action

Wednesday, September 30
10:30 AM EDT | 3:30 PM BST | 4:30 PM CEST

Speakers:

Kurt Viehl
Chief Revenue Officer

Shannon Lal
Chief Technology Officer

Mathieu Savary
Head of Fixed Income, Commodities & Currencies

Katia Shtrevenshy
Strategist, Geopolitics

We hope you can join us.

P.S. Can’t join us live? Register to receive the recording.

Register

Report

Chief Economist’s View: Will Worries About AI Doom End the AI Boom?

Concerns by the major AI companies that they are locked into a financially unsustainable arms race for AI dominance are likely playing as much a role in their newfound “go slow” approach as concerns over AI doom....

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The Wolf That Cried “Wolf!” – Don’t Fall For AI Alarmism

The world has descended into a full blown Doomer panic since the 27-year-old Anthropic engineer quit over the threat that AI would cause human extinction. Now-famous Jacob Coxon posted that “The people building AI earnestly believe that it could kill us all by the end of the decade. This is not a ma...

Report

Pirates Get Paid: Limited Upside To Crude From Here

The situation in the Middle East is becoming complicated. Over the past week, several events raise the odds that Brent prices could burst through their 2026 high of $126 per barrel....

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The Great Glow Up: Betting On The Beauty Economy

The rise of remote work, online dating, and other demographic changes are increasing the demand for aesthetics. GLP-1s provide an effective and inexpensive cure for obesity, and their secondary effect “Ozempic face” has structurally altered the demand for aesthetic procedures and skincare. Long GLP-...

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Bessent Can't Have It All

Scott Bessent’s attempts to suppress yields while financing large twin deficits risk crashing foreign inflows, the dollar, US bonds, and equities. Without a major equity selloff or large-scale commercial bank purchases of Treasurys, the bond selloff will persist – producing a major equity drawdown a...

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Cerberus Paribus: The Three-Headed Threat To Equity Valuations (Bonds, Earnings, and IPOs)

We remain constructive on US equities, but higher yields, slower EPS growth and heavy IPO issuance remain significant risks to valuations, leaving the path to our year-end target increasingly dependent on earnings. Tactically, there has already been a significant, but benign, compression in multiple...

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US Inflation Chartpack: Hot Enough To Hike

August’s 0.3% increase in core CPI breaks inflation’s 3-month downtrend and is likely hot enough for the Fed to hike rates when it meets next week....

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A Credible ECB Supports European Assets

The ECB is winning, and almost nobody's pricing it in. A flatter Phillips curve, a shrinking term premium, a euro built to shrug off France, credibility is the trade....

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Beware Copper’s Tariff Risk

Thursday's sharp pullback in the COMEX copper price from an all-time high underscores a key risk to the red metal's resilience. An eventual resolution of US copper tariff uncertainty would likely trigger a price relapse. That drawdown, however, would offer an attractive opportunity to increase struc...