Latest from BCA Research
The dollar is not being replaced by a single rival, it is being diluted by a rising cast of “other” reserve currencies. This report identifies the hidden winners of reserve diversification and why they may matter more than investors think.
The US High Quality (USHQ) portfolio outperformed its benchmark through June, returning -0.50%, while its SPY benchmark returned -1.37%. On a trailing three-month basis, the USHQ portfolio’s performance was weaker than the benchmark, with USHQ…
Our Portfolio Allocation Summary for July 2026.
Beginning with this Quarterly report, The Global Asset Allocation and Private Markets teams are combining our quarterly outlooks into a single, unified framework, reflecting a more integrated approach to portfolio construction. In this joint…
MacroQuant recommends underweighting equities and adopting a benchmark duration stance in fixed-income portfolios. The model is very positive on the US dollar, bearish on gold, neutral on copper, and bullish on oil.
Geopolitical Outlook For Q3, 2026
Geopolitical risk may rotate to Russia/Ukraine in Q3, while the Middle East could reignite in Q4.
The S&P 500 has become increasingly concentrated. We know that. But the critical question is not how many stocks are driving the market; it is how many factors are driving stocks. We define an AI risk factor to test whether AI has become the…
After an exciting group stage, we discuss the trends that have shaped the tournament and update our 2026 World Cup prediction.
How should I hedge my portfolio for the next bear market? This is a question many of our clients face, and one that investors too often answer on the basis of intuition or narrative. The All-Defense Chartpack aims to provide a solid starting point…
The equity bull market is getting long in the tooth. Bonds should perform well once economic growth begins to slow. The dollar will strengthen over the coming months before resuming its downtrend. While crude has likely found a near-term floor, we…