China’s central bank unexpectedly held the medium-term policy rate unchanged at 2.5% on Monday, surprising expectations of a 10 basis point cut. Given that deflationary forces dominate China’s economy, the decision to…
Taiwan’s election will lead to serious Chinese military and economic pressure but not full-scale war. War is a long-term concern. Investors should short TWD-USD.
The soft-landing narrative has won, but is too much of a good thing now expected by investors?
In this note, we preview the Q4-2023 earnings season and share what we will be watching.
After a tumultuous year, our Equity Analyzer team took stock on how the BCA Score faired globally. The indices are constructed for each region by selecting the top 10% of stocks with a market-cap above 1 billion USD according to…
According to BCA Research’s Global Investment Strategy service, the EV boom, much like the initial auto revolution over a century ago, could experience several disruptions. Buying diesel-engine era heroes can act as a call…
According to BCA Research’s Emerging Markets Strategy service, the recent improvement in global manufacturing and Asian exports will likely prove to be a mid-cycle amelioration rather than a cyclical recovery. Global…
The combined US credit impulse and fiscal thrust indicator will likely relapse in 2024, heralding growth weakness. Stalling US sales volume and falling inflation, combined with sticky labor costs, will herald a non-trivial profit…
The Fed faces a dilemma. Cut rates early to avoid a recession, but at the risk of not slaying wage inflation. Or, not cut rates early to ensure that wage inflation is slayed, but at the risk of a downturn. Faced with such a dilemma,…