According to BCA Research’s Counterpoint service, the structural uptrend in bitcoin is still intact. The intrinsic value of bitcoin is that it cannot be confiscated by the state, either through monetary inflation, or…
In this note, we preview the Q4-2023 earnings season and share what we will be watching.
After a tumultuous year, our Equity Analyzer team took stock on how the BCA Score faired globally. The indices are constructed for each region by selecting the top 10% of stocks with a market-cap above 1 billion USD according to…
Taiwan’s December trade data corroborates the signal from other Asian exporters (such as South Korea) that global manufacturing activity is experiencing a mini revival. Taiwanese exports surged by 11.8% y/y last month,…
The Santa Claus rally started in late October lifting the S&P 500 by 15.8%. However, there are signs that the rally is getting tired. Consider the following: The S&P 500 has been trading at around 4,750 since the…
Following today’s US jobs data release, the Joshi rule real-time US recession indicator inched up to 0.18 and is now just a whisker from its recession event-horizon of 0.20.
According to BCA Research’s Global Fixed Income Strategy service, the timing and pace of rate cuts in 2024 will differ across countries, representing a big sea change from the highly correlated rate hiking cycles of the…
The Republican Party’s odds of winning the 2024 election will benefit, if anything, from state courts’ attempts to exclude President Trump from primary or general election ballots. Higher odds of a change of ruling party will…
US small-cap stocks have benefitted from the recent improvement in risk sentiment. The S&P 600 is up 10% over the past month – exceeding the S&P 500’s gains by 5.4 percentage points after having underperformed…
The gold/silver ratio (GSR) confirmed the improvement in global risk sentiment in November. It declined on the back of a 9.2% rally in silver, which outpaced the 1.9% rise in gold. Since then, the GSR has soared amid a more…