BCA Indicators/Model
Executive Summary The heightened uncertainty of the current situation means it makes sense to keep portfolio duration close to benchmark. The recent market turmoil means that a 50 bps rate hike is off the table for the March FOMC meeting, but the Fed…
Executive Summary US biotech is trading at its greatest discount to the market. Ever. Much of biotech’s underperformance is due to transient factors: specifically, the sell-off in long-duration bonds; the focus on delivering a Covid vaccine; regulatory…
Executive Summary Lots Of Pent-Up Demand
Lots Of Pent-Up Demand…
Executive Summary The recent 26 percent overspend on durable goods constitutes one of the greatest imbalances in economic history. An overspend on goods is corrected by a subsequent underspend; but an underspend on services is not corrected by a…
Executive Summary China Needs To Create RMB35 Trillion In Credit In 2022
China Needs To Create RMB35 Trillion In Credit In 2022…
Executive Summary We back-tested equity strategies based on our rotation framework. They deliver positive excess returns and lower volatility. We also introduce our Excess Returns Rotation Maps, a new investment tool with an impressive track record.…
Dear client, In lieu of our weekly bulletin next week, I will be hosting a webcast on Friday, January 28 at 11:00 am EST, to discuss recent dollar trends. I hope you all tune in. Kind regards, Chester Ntonifor Highlights While not often discussed, it is…
Highlights Industrial commodity and ag markets will continue to pull widely followed inflation gauges higher, as global fuel and fertilizer prices remain well bid (Chart of the Week). Unplanned production outages in Libya, faltering supply growth within…
As 2021 draws to a close, we thank you for your ongoing readership and support. We wish you and your loved ones a happy holiday season and all the best for a healthy and prosperous 2022. Highlights Over the coming three months, the odds are high that the…
Dear Client, This week we present our annual Commodities & Energy Strategy outlook, which contains our key views on the principal markets we cover – energy, base metals and bulks, precious metals, and ags. Over the coming decade, we expect…