BCA Indicators/Model
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ views on tech stocks, the US economy in 2024, and China’s contribution to global growth. Regarding tech stocks, 44% of respondents believe the rally as…
The S&P500 During Fed Rate Cuts
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BCA Research’s Global Investment Strategy service’s MacroQuant 2.0 model continues to recommend that investors maintain a benchmark allocation to equities over a 1-to-3 month horizon. At the end of January, MacroQuant’s US equity module, Stock Coach, is…
As expected, the Bank of England voted to keep its bank rate unchanged at 5.25% on Thursday – maintaining policy on hold for the fourth consecutive meeting. Two of the nine MPC members voted in favor of a 25bps rise (one less than in December) while one…
Following the release of the white paper yesterday, today we are sending you the inaugural issue of the MacroQuant Monthly, a report summarizing the output of our next-generation MacroQuant 2.0 model.
BCA Research’s Global Investment Strategy service has officially launched its MacroQuant 2.0 Model. The platform consists of a variety of modules, all of which communicate with each other to produce economically sensible and internally consistent…
According to BCA Research’s European Investment Strategy service, European sovereign bonds in the periphery offer more upside than high-yield (HY) corporate bonds. Many question the outlook for peripheral bonds in Europe due to the ECB’s shrinking balance…
We present the performance review of the Global Fixed Income Strategy Model Bond Portfolio for 2023. We also discuss the outlook for 2024 performance based on our Key Views for the year. The portfolio is positioned to benefit from a year where the global backdrop will be one of weak growth and further declines in inflation, leading central bank to begin cutting interest rates.
While balance of payments (BoP) do not really matter for day-to-day FX considerations, they do matter over the long term. According to BCA’s Foreign Exchange Strategists, at high levels of US dollar valuation like today, the current account balance tends to…
According to BCA Research’s The Bank Credit Analyst service, there are two important flaws in the market’s “Goldilocks” narrative. First, investors are assuming inflation will fully return to target this year because core inflation ex-housing is already at…