Investors should overweight US assets and de-risk their portfolios in anticipation of a major increase in policy uncertainty and geopolitical risk surrounding the US election and its global ramifications.
A global economic downturn will be a headwind for natgas prices over the cyclical horizon. Thereafter, LNG capacity additions will help keep the market in balance into the end of the decade. That said, Europe’s increased dependence…
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.
Earlier this year, WTI oil prices peaked on April 5th at $87.69 per barrel. They have since corrected by 12.7%. Should asset managers expect this decline to continue? Our Global Investment Strategy team believes oil prices…
We close our overweights to Energy and Aerospace & Defense. The macroeconomic backdrop is deteriorating for Energy. As for A&D, the good news is already priced in.
According to BCA Research’s Commodity & Energy Strategy service, the oil demand forecasts from the IEA, EIA, and OPEC are too optimistic. The IEA, EIA, and OPEC all anticipate oil demand growth to slow this year…
Generative AI-related rally resumed in May. Much of the recent market gains are down to excess liquidity that was begotten by the massive pandemic stimulus, creating a dichotomy between multiple economic challenges and exuberant…
The US economy is in the “Overheating” phase, so stronger growth brings higher inflation. Tight monetary policy means recession is still likely over the next 12 months. Stay defensive.
According to BCA Research’s US Political Strategy service, Trump’s conviction will not be a game changer in the upcoming Presidential election. President Trump was convicted of 34 felony charges by a 12-person jury…