Gold
This week, our three screeners cover equity plays on the run-up in gold prices, a hotter-than-expected US inflation print, and calling the top in Bitcoin.
Our Commodity strategists provided an update on precious metals and the impact of US tariffs on commodities. Elevated policy uncertainty will drive a rally in precious metals over the next 12-to-18 months, but not all metals will benefit equally. Gold…
While the US dollar has outperformed every single DM currency in the past few months, the only monetary asset it did not outperform is gold. The greenback is up between 5-10% against DM currencies since September of last year, but down by more than 8% vs.…
The latest version of the MacroQuant model suggests that the bull market in US stocks is winding down. The model expects Treasury yields to fall later this year but is not ready to go long duration just yet.
マクロクォント・モデルの最新バージョンは、米国株の強気相場が終盤に差し掛かっていることを示唆している。モデルは米国債利回りが今年後半に低下すると見ているが、まだデュレーションを延ばしてロングポジションを取る段階には至っていない。
Please join BCA Research's Commodity & Energy Strategist, Roukaya Ibrahim for a Webcast on Thursday, January 30 at 10:30 AM EST (3:30 PM GMT, 4:30 PM CET).
Our Commodities & Energy strategists published a special report outlining three themes they see in the space for 2025. The themes are the following: Sluggish global demand and weak industrial activity will likely weigh on cyclical commodities,…
In this Special Report, we outline the three themes that we believe will drive commodity markets this year: (1) demand growth will remain sluggish across cyclical commodities (2) supply-side developments will ultimately be bearish for oil prices, and (3) traditional relationships between commodity prices and financial variables may not hold.
Our Emerging Markets, China, and Commodities strategy teams published their 2025 joint outlook. Our colleagues remain bullish on the US dollar for now but see rising odds of the Trump administration actively pursuing greenback devaluation. To avoid steep…
Our Commodity & Energy Strategy team evaluated the impact of president-elect Trump’s policies on commodity markets. Trump’s energy policies, while promoting increased domestic oil production, are unlikely to drive immediate growth in US crude output.…