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The S&P 500 was up through 1Q23 and in April, despite the prevailing banking crisis, recession fears, and rising rates. The market is still not adequately pricing tighter monetary conditions, slowing growth, and economic uncertainty. Disappointment may be in store. We remain defensively positioned.

BCA Research | Equities

Macro, fundamental, and quantitative analysis translated into actionable equity views across sectors, factors, themes, and baskets.

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