Strategy Report

Gauging The Trajectory Of The Economy (And The Stock Market)

14 Jul 2023

by Peter Berezin, Chief Strategist

Stocks fare best when there is plenty of slack in the economy and growth is strong and getting stronger. The good news is that the economic growth score for the US in our MacroQuant model is above its historic average. The bad news is that US economy is operating with little slack and sentiment is getting complacent. We recommend that investors maintain a modest overweight to equities for the time being but look to get more defensive later this year or in early 2024.

Interested in reading this report?

To access the full BCA Research report, request a complimentary copy

BCA Research | Global Investment Strategy

As BCA Research’s flagship publication, the Global Investment Strategy service provides macro-based investment recommendations across all asset classes, geographies, and time horizons.