According to BCA Research’s Emerging Markets Strategy service, even though mainstream EM equities are cheap, their cyclical and structural growth prospects are poor. Equities of mainstream EM economies (excluding…
Nvidia’s stock price hit a fresh all-time high on Thursday after its blockbuster Q2 earnings call. The company reported it generated $13.51 billion in revenue last month (above expectations of $11.2 billion) and forecasted…
European natural gas prices have recently been trending higher with the Dutch TTF gaining 66% since late July. The proximate cause of the rally is supply concerns. The risk of strikes at Australian LNG plants are a threat to the…
Yesterday we highlighted that the August update of the Philly Fed’s Nonmanufacturing Business Outlook survey sent a negative signal, with the New Orders, Sales, and Employment components all deteriorating. On Wednesday, the…
Deflation prevails in China’s economy. Marginal interest rate cuts will be insufficient to boost growth as the economy is experiencing debt deflation and might be entering a liquidity trap. There will likely be more economic…
According to BCA Research’s US Political Strategy service, the Democratic Party is favored to win the 2024 election as long as it is not discredited by a major shock. But recession odds are not low. The US economy has…
The jubilant summer rally came to a halt in August, with the S&P 500 down 4.4% MTD. A confluence of factors has weighed on the performance of US equities ranging from economic malaise in China to too-hot economic data…