Developed Countries
Since the pursuit of a nuclear deterrent makes it inevitable that the US and Israel will oppose Iran in the coming years, Iran must seize the initiative today. It cannot afford to assume that the Democratic Party will stay in power and continue to pursue…
BCA Research’s European Investment Strategy service upgrades Swedish government bonds to neutral from underweight within European fixed-income portfolios. The Riksbank kept its policy rate steady at 4% last week. Governor Erik Thedéen and the Riksbank…
The soft landing and rate cuts narrative is being priced out, and the S&P 500 is overvalued and getting overbought. The Magnificent Seven are about to get a new moniker on the back of performance dispersion. However, without the cohort, S&P 500 earnings would have been even deeper in the red.
Our Central Bank Monitors support European central bankers’ decision to hold rates steady. Find out what it means for European fixed-income portfolio allocation.
The US Employment report came in well above consensus expectations on Friday, delivering a strong positive signal on labor market conditions in January. The 353 thousand increase in nonfarm payroll employment beat expectations of a slowdown to 185 thousand.…
The S&P/TSX Venture Index is a micro-cap index of Canadian companies listed on the TSX Venture Stock Exchange. Nearly two thirds of the index is comprised of material and energy stocks, making the index exposed to fluctuations in commodity markets.…
After falling throughout most of the second half of 2023, the US economic surprise index has surged over the past few weeks, indicating that economic conditions are firm at the start of the year. Indeed, Manufacturing PMIs delivered a positive signal last…
In this Insight our Equity Analyzer team explores how the S&P 500 behaves when the Fed Funds Target Rate drops by 25bps – 150bps within a single year. The current dot plot is signaling 75bps of cuts by the end of the year, the mid-point of the range.…
BCA Research’s Global Investment Strategy service’s MacroQuant 2.0 model continues to recommend that investors maintain a benchmark allocation to equities over a 1-to-3 month horizon. At the end of January, MacroQuant’s US equity module, Stock Coach, is…
Our thoughts on bond positioning following this morning’s employment data.