Highlights We cannot predict how China will manage Evergrande precisely but we have a high conviction that it will do whatever it takes to prevent contagion across the property sector. However, China’s stimulus tools are losing…
BCA Research's US Investment Strategy service does not expect the fall of an overextended Chinese property developer to push the US out of Goldilocks and into too-cold territory. Reports that Evergrande will fail to make…
The possibility of Chinese real estate developer Evergrande’s collapse threatens the stability of the country’s economy and financial markets through multiple facets. The company accounts for an outsized share of outstanding…
BCA Research’s Global Investment Strategy service upgraded its rating on EM equities and currencies to strong overweight After lagging the global indices, EM stocks are set to outperform during the remainder of this year and…
Dear Client, I will be holding a webcast next Friday, September 24th at 10:00 AM EDT (3:00 PM BST, 4:00 PM CEST, 11:00 PM HKT) with BCA Research’s Chief Emerging Markets Strategist Arthur Budaghyan where we will debate the outlook…
Highlights Global growth is peaking, but US growth is losing momentum relative to its peers. This has historically been negative for the greenback. Chinese monetary policy is no longer on a tightening path, and might ease going…
BCA Research's Emerging Markets Strategy service expects Evergrande’s partial default to reinforce credit tightening in China. Evergrande will likely default on some of its liabilities but there will be a bailout or roll-…
Highlights The odds of a stronger recovery in EM oil demand next year are rising, as vaccines using mRNA technology are manufactured locally and become widely available.1 This will reduce local lock-down risks in economies relying on…
Please note that next Friday September 24 at 10am EDT, we will host a webcast featuring a debate between my colleague Peter Berezin and me. The topic of debate is whether investors should overweight EM in a global portfolio. Please join…
BCA Research's China Investment Strategy service recommends a new trade: long Chinese industrial stocks/short A-shares. Chinese onshore stocks in the infrastructure, materials, and industrial sectors recently advanced…