Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

Developed Countries

f_image_20231201_171114.PNG
2024 Key Views: Suspended Animation

We enter 2024 as we were across the last four months of 2023, tactically equal weight across the board until the S&P 500 rally is complete and we gain a better entry point for underweighting equities and overweighting fixed income.

US Investment Strategy by Doug Peta
f_image_20231201_152611.PNG
Credit Implications Of A Eurozone Recession

The recent uptick in European economic data will not last beyond the next six months. How will European corporate credit perform in this context?

European Investment Strategy by Mathieu Savary, Jeremie Peloso
F_IMAGE_20231201_152644.PNG
Sketching Out A Near-Term Trading Range For Bond Yields

Treasury yields will sketch out a range between now and Q1 2024, with the upside determined by inflation and the downside determined by labor markets.

US Bond Strategy by Ryan Swift
US ISM Disappoints In November
The US ISM PMI sent a slightly negative signal about US manufacturing conditions in November. The headline index came in unchanged at 46.7, which suggests that the pace of contraction was more pronounced than consensus estimates expecting the PMI to increase…
Daily Insights
The Recession That Never Came?
According to BCA Research’s Global Asset Allocation service, recession is still on track to begin in the first half of 2024. Is it the recession that never came? Certainly, the consensus thinks so. Soft landing is now the clear mainstream view. Investment…
Daily Insights
f_image_20231201_113439.PNG
New Zealand: High Rates For A Lot Longer

In this Insight, we discuss the outlook for monetary policy in New Zealand after this week’s RBNZ policy meeting, and introduce related fixed income and currency trade ideas.

Global Fixed Income Strategy, Foreign Exchange Strategy by Chester Ntonifor
f_image_20231130_175705.PNG
Monthly Portfolio Update: Tight Policy Will Eventually Trigger Recession

Inflation won’t fall fast enough for the Fed to cut rates preemptively before recession arrives. The risk/rewards balance is unfavorable for risk assets. Stay overweight bonds versus equities.

Global Asset Allocation by Garry Evans
US Consumer Spending Cools In October
As expected, US personal income growth moderated from an upwardly revised 0.4% to 0.2% in October. However, disposable personal income growth experienced a less pronounced slowdown from 0.4% to 0.3% -- particularly in real terms which expanded for the first…
Daily Insights
Italy And Spain Are Outperforming In 2023
Euro Area stocks have had a strong 2023, rising by 18.8% year-to-date, only slightly behind the 19.1% gain captured by US equities, and outperforming the ACWI’s 14.3% increase. In particular, the Italian index’s 35.3% year-to-date surge stands out among…
Daily Insights
The Euro Enjoys Some Tailwinds
Recent Euro Area economic data have been sending a less pessimistic signal. Wednesday’s releases are in line with this trend. The European Commission’s confidence indicator shows a mild improvement in economic sentiment in November – confirming the recent…
Daily Insights

Related Topics

AI BCA Indicators/Model BDCs Bubbles/Crises/Manias Commodities Commodities & Energy Sector Country In-Focus Currencies Defaults Deleveraging See more Topics