BCA’s Private Markets & Alternatives strategists recommend upgrading Global and North America Buyouts while downgrading Private Credit and Long-Short Equity Hedge Funds. Investor appetite for Europe has surged, but our colleagues…
The US will continue to lead global trade, but the past winners from China-US tensions face decline. Reglobalization is underway. India Port Infrastructure will be a long-term winner.
The global political system is destabilizing and the US will turn more hawkish in foreign policy, trade policy, or both, regardless of the election outcome. Tactically go long the dollar.
Developed markets Flash PMIs estimates for October were mixed, with resilient US numbers and weakness elsewhere. The eurozone composite met expectations but remains below the 50-level expansion threshold. Germany…
The RBA kept its cash rate unchanged at 4.35% in August, in line with expectations. However, it lifted its trimmed-mean inflation forecast to 3.5% y/y in Q4 2024 and to 2.9% by Q4 2025 (up from 3.4% and 2.8% in its May forecast,…
No, the secular rise in geopolitical risk has not peaked. EU-China trade ties underscore the multipolar context, but this multipolarity is unbalanced, as the US has not reached a new equilibrium with its rivals. While the second…
Great Power Rivalry is taking another leg up as Russia and China further align their geopolitical interests. Investors should stay long USD-CNY, favor defensives over cyclicals, and markets like North America and DM Europe that have…
Stay short Greater China assets. Stay long Japanese yen. Hold back on Brazil for now but look forward to opportunities in future.
Executive Summary China's Unemployment Over the past week we have been visiting clients along the US west coast. In this report we hit some of the highlights from the most important and frequently asked questions. Xi…