According to BCA Research’s Counterpoint service, on a timeframe of two years, investors should shock-proof their portfolios by holding some combination of cheap insurance assets. All shocks end up with both deflationary…
There is a 50:50 chance of experiencing a major deflationary shock in the next two years, and an even greater likelihood on a longer timeframe. The good news is that several assets provide a good insurance against this risk, and that…
Crypto broker FTX’s bankruptcy does not pose a systemic threat to markets. It did reveal something deeply unflattering about excess liquidity, however, and suggests that other private investments may come a cropper.
The kinked supply framework helps explain why US inflation rose so suddenly shortly after the pandemic began and why the economy is likely to experience a benign disinflation over the next six months.
Listen to a short summary of this report. Executive Summary Global Equities Are More Attractively Valued After The Recent Sell-Off We tactically downgraded global equities in late February but see…
Highlights In the short term, the US stock market price will track the 30-year T-bond price, with every 10 bps move in the yield moving the stock market and bond price by 2.5 percent. We think that the bond market will not allow the…
Dear Client, The subject of cryptocurrencies elicits more emotion that any topic I can think of. As is true for the broader investment community, there is no unanimity of opinion among BCA strategists on the matter. This week, our…