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A Presentation with BCA Research

Global Investment Strategy

You're invited to an exclusive lunch featuring BCA's Chief Strategist - Global Investment Strategy, Peter Berezin

Back in 2022, when most strategists were expecting an imminent US recession, Peter Berezin was one of the few arguing that growth would surprise on the upside. In 2023, he predicted an “immaculate disinflation,” contending that inflation would fall with very little cost to the economy. This kept him bullish on stocks. However, in mid-2024, bucking the consensus view once again, he turned bearish and raised his recession probability to 75% following Trump’s victory last November. 

To hedge against a stock market decline, Peter advised clients to buy puts on the SPY ETF, a trade recommendation he closed in early April for a gain of over 500%. 

In his presentation, Peter will discuss:

  • Why the recent stock market rebound will reverse, sending the
    S&P 500 to 4450 by end of the year.
  • Why he is wary about buying government bonds at the moment, 
    even though he expects yields to ultimately fall by year-end
  • Why credit spreads will rise further.
  • Why the yen will be the top-performing currency in 2025.
  • Why crude oil and industrial metals will fall during the coming recession, 
    while there is more upside for gold prices.
     

Seats are limited so reserve your spot today!

  • Date: Wednesday, May 21, 2025
  • Time: 12:00pm - 1:30pm
  • Location: Omni San Francisco Hotel, 500 California Street, San Francisco, CA 94104
 

Peter Berezin

Chief Strategist, Global Investment Strategy

 

Peter is our Chief Global Strategist and Director of Research. He is also a member of BCA’s Leadership Team. Peter heads up our Global Investment Strategy service, which provides global economic and financial market analysis to help shape clients’ investment decisions.

 

He previously served as Managing Editor of The Bank Credit Analyst and helped to develop and launch BCA’s Equity Trading Strategy service. He also designed the firm’s state-of-the-art quant model, MacroQuant.

Before joining BCA in 2010, Peter was a Senior Global Economist with Goldman Sachs. He began his career at the International Monetary Fund in program negotiations, surveillance, and research. He also helped produce the IMF’s flagship report, the World Economic Outlook.

Peter holds a Bachelor of Arts in Economics from McMaster University, a Master of Science from the London School of Economics, and a PhD in Economics from the University of Toronto.