United States
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…
Treasury yields continued to push higher on Monday, bringing the total increase over the past two trading days to 29bps. The move comes on the back of strong economic data releases indicating that conditions in the US are resilient. Notably, Friday’s…
Since the pursuit of a nuclear deterrent makes it inevitable that the US and Israel will oppose Iran in the coming years, Iran must seize the initiative today. It cannot afford to assume that the Democratic Party will stay in power and continue to pursue…
The soft landing and rate cuts narrative is being priced out, and the S&P 500 is overvalued and getting overbought. The Magnificent Seven are about to get a new moniker on the back of performance dispersion. However, without the cohort, S&P 500 earnings would have been even deeper in the red.
The US Employment report came in well above consensus expectations on Friday, delivering a strong positive signal on labor market conditions in January. The 353 thousand increase in nonfarm payroll employment beat expectations of a slowdown to 185 thousand.…
After falling throughout most of the second half of 2023, the US economic surprise index has surged over the past few weeks, indicating that economic conditions are firm at the start of the year. Indeed, Manufacturing PMIs delivered a positive signal last…
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…
Our thoughts on bond positioning following this morning’s employment data.
According to BCA Research’s Commodity & Energy Strategy service, the US Department of Defense’s (DoD) first-ever industrial policy – dubbed the National Defense Industrial Strategy (NDIS) – is attempting to reverse post-Cold War decline in the DoD’s…