Despite the choppy price action of the last few weeks, equity sentiment remains elevated. Surveys of investor sentiment remain at the top end of the bullish spectrum, and the S&P 500 is trading over 22x forward earnings, levels…
Sentiment will stay positive for now, but downside risks are rising. Investors should proceed cautiously in stock picking and portfolio construction at this juncture, given rising economic and policy uncertainty, which threaten…
President Trump is about to be inaugurated. Investors often assume all his policies will hurt Europe, but the reality is more nuanced.
US December housing data was strong, with housing starts printing above estimates at 1.49m, an acceleration from an upwardly-revised 1.29m in November. Building permits also surprised positively at 1.483m, but still decreased from 1.…
Our Chart Of The Week comes from Marko Papic, Chief Strategist of our GeoMacro Strategy service. Marko has argued that the most important macro story over the past decade has been the transition from the Washington Consensus,…
Our US Political strategists published a Special Report on the trade and fiscal policies likely to be implemented on Day One as the Trump administration takes over Washington. Trump is likely to implement significant tariffs…
This week, our screeners cover views on Trump 2.0, defensive US equity sectors, and a pullback in Singapore equities. Our first screener aims to hedge longer term inflation risks that Trump 2.0 will likely generate, targeting US…
The January Philly Fed Manufacturing index blew past estimates, soaring to 44.3 vs. a revised 10.9 points contraction in December. Most subcomponents rose for both the current and expected categories. Measures of prices paid and…
December US retail sales missed estimates, with the headline number printing at 0.4% m/m, a decline from an upwardly revised 0.8% in November. On the positive side, the control group beat estimates at 0.7%. Netting it all out,…
Please join us for a BCA Expert Webcast, Thursday, January 16 at 10:00 AM EDT, with Brendan Kelly, former Director for China Economics on the US National Security Council, veteran of the New York Federal Reserve, Treasury Department…