After having peaked in mid-April, Citigroup’s global economic surprise index has been in negative territory for the past few weeks. The sub-zero reading indicates that economic data have been surprising to the downside and…
According to BCA Research’s Emerging Markets Strategy service, extremely disappointing corporate profit growth has been the main reason for EM's poor equity performance in absolute terms and massive underperformance…
An investor looking at the low unemployment rate and elevated job vacancy rate could reasonably conclude that the US expansion will continue. However history suggests that recessions often start seemingly out of the blue.…
South African stocks, domestic bonds, and currency have all rallied since BCA’s Emerging Markets Strategy team upgraded South African assets last month following the formation of the new national unity government. The rally…
Copper has experienced a roller-coaster ride so far this year, with front-month futures on the Chicago Mercantile Exchange gaining nearly 40% from early February to late May, tumbling nearly 15% in just over five weeks, and…
As highlighted in Wednesday’s edition of BCA Live & Unfiltered, the Chinese economy and its financial markets face several daunting challenges. Its demographic outlook is unfavorable, with a low birthrate stifling…
Does the incipient slowdown in European data herald a soft landing and a goldilocks period for equities? We have our doubts.
Concerns about the global economy have shifted from sticky inflation to faltering growth. Tight monetary policy is finally starting to bite. We suggest increasing portfolio defensiveness.
In a recent report, BCA Research’s Emerging Markets Strategy team recommended upgrading South African assets. The team argued that the new national unity government has an opportunity to ease the restrictive policies and…
