Investors should go long US treasuries and stay overweight defensive versus cyclical sectors, large caps versus small caps, and aerospace/defense stocks. Regionally we favor the US, India, Southeast Asia, and Latin America, while…
This week’s Global Investment Strategy report titled Fourth Quarter 2022 Strategy Outlook: A Three-Act Play discusses the outlook for the global economy and financial markets for the rest of 2022 and beyond.
German inflation accelerated to double digits in September, underscoring the need for continued policy tightening. The harmonized CPI index jumped from 8.8% y/y to 10.9%. Similarly, the month-on-month figure also surged to 2.2%,…
Executive Summary EU Metal Industry Under Threat Russia’s threat to cut off all remaining exports of natural gas to the EU via Ukraine will further imperil the bloc’s struggling metals industry, particularly…
Executive Summary For the first time in a decade, it is much less attractive to buy than to rent a home. In both the UK and US, the mortgage rate is now almost double the average rental yield. To reset the equilibrium between buying…
Consumer confidence continues to deteriorate across Europe. In Germany, GFK consumer confidence fell for the fourth straight month, collapsed to a new record low of -42.5 from -36.8. Similarly, French consumer confidence declined…
Executive Summary Upward Repricing Of Bond Yields Continues In this report, we discuss our move last week to shift to a below-benchmark overall global duration stance in more detail. Our strongest conviction view on…
According to BCA Research’s European Investment Strategy service for investors concerned with the left-tail risk in European equities, European credit offers a credible alternative in the near term. This asset class is also…