Mid-caps are the best of both worlds and are an excellent strategic overweight thanks to their size premium, but also better financial quality and higher dividend yield than Small. We are bullish on Mid near term and believe that…
The US has the Magnificent Seven, Europe has the Magic Eight. What drives the performance of those eight stocks crucial to the European market?
The soft-landing narrative has gotten nowhere at BCA but appears to be making some headway with broker-dealers and investors. We are preparing to lean against it once it pushes equity prices a little higher.
Global market sentiment has improved notably since late-October. In the equity space, DM and EM stocks have gained 8.5% and 7.8% respectively since October 26. Regarding currencies, the counter-cyclical DXY index has lost 2.2% so…
The latest ‘nowcast’ for world economic growth in the fourth quarter has plunged to just 1.2 percent, marking the cusp of another world recession. One important implication is that expectations for oil demand growth and industrial…
The ZEW survey of investor sentiment continues to send an optimistic signal. German sentiment jumped from -1.1 to +9.8 in November – its highest level since March and beating expectations of a smaller improvement to 5.0.…
To the extent that US small businesses are typically more exposed to domestic economic conditions than larger firms, results of the NFIB Small Business Economic Trends survey are instructive. One important trend is that the…
Amid a range of geopolitical narratives, what matters is that the US strategy of economic engagement with its rivals is failing, giving rise to a new strategy of containment that will reinforce the secular rise in geopolitical risk.…