Highlights Omicron vs. The Fed: The new COVID variant has thrown a growth scare into markets, but the bigger concern is the Fed belated playing catch up to high inflation and low unemployment. Fade the Omicron bond rally, and position…
Dear Client, We are sending you our Strategy Outlook today where we outline our thoughts on the global economy and the direction of financial markets for 2022 and beyond. Next week, please join me for a webcast on Friday, December 10th…
Dear Client, We will be working on our 2022 Outlook for China, which will be published on December 8. Next week we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end…
Dear Client, There will be no report next week as we will be working on our Quarterly Strategy Outlook, which will be published the following week. In the meantime, please keep an eye out for BCA Research’s Annual Outlook,…
The November Empire State Manufacturing Survey sent a positive signal about the state of US manufacturing activity. The headline general business conditions index jumped 11 points to 30.9, beating expectations of a more muted 2.2…
Chinese retail sales and industrial production data for October surprised to the upside. Retail sales growth accelerated slightly from 4.4% to 4.9% y/y and beat expectations of a slowdown to 3.7%. Similarly, industrial production…
The Bank of Mexico raised rates by 25 bps on Thursday, marking the fourth consecutive rate increase this year and bringing the benchmark rate to 5%. These hikes come as the central bank attempts to temper rising inflation. At 6.…
Highlights Geopolitical conflicts point to energy price spikes and could add to inflation surprises in the near term. However, US fiscal drag and China’s economic slowdown are both disinflationary risks to be aware of. …
BCA Research’s Emerging Markets Strategy service expects Philippine sovereign credit to outperform its EM counterparts. A negative outlook on overall EM sovereign credit warrants overweighting Philippine sovereign credit…