Our Foreign Exchange strategists recommend strategic investors sell the dollar on strength, while tactical investors position for a near-term bounce. The key risk for the dollar today is a potential balance-of-payments crisis.…
In this FX note, we provide a rationale for why it is important to pay attention to technical indicators, while still keeping your eyeball on the structural factors that drive currencies. This report answers the following questions:…
Global growth showed tentative signs of improvement in May, but it is too early to call it a turning point. Our Chart Of The Week comes from Mathieu Savary, Chief European Investment Strategist. BCA’s nowcast for global industrial…
The US High Quality (USHQ) portfolio underperformed its benchmark through May, returning 5.1%, whilst its SPY benchmark returned 6.1%. On a trailing three-month basis, performance is also slightly weaker vs. benchmark, with USHQ…
Our Portfolio Allocation Summary for June 2025.
MacroQuant warns that US equities are pricing in very little economic risk. The model is shunning equities and recommends a large overweight to cash.
MacroQuant warns that US equities are pricing in very little economic risk. The model is shunning equities and recommends a large overweight to cash.
BCA’s latest technical analysis suggests that global bond markets are oversold, offering an attractive entry point to add long-duration bets in fixed-income portfolios. Our Global Fixed Income strategists analyzed a timing tool…
Are bond yields overextended? We introduce a new global technical indicator that helps spot mean-reversion opportunities and shows which markets are nearing exhaustion.
The gold-to-oil price ratio seems tactically overextended, but global macro drivers suggest it will rise further. The gold bull run is still relatively young and not yet stretched compared to rallies from the past 50…