Highlights A rare market trifecta – propelled by investors seeking safe-haven assets, inflation hedges in the wake of the Fed’s dovish turn this past week, and portfolio diversification – will continue to keep gold well…
The uncertainty and negative impact on animal spirits will be modest if current trends persist through the debates. Former Vice President Joe Biden remains the frontrunner despite having naturally lost the bump to his polling…
It is not yet a done deal, but the shift within the party in favor of accepting a “no deal” exit is clear. None of the remaining candidates is willing to forgo that option. The newest development advances us along…
The highlight of next week will be the highly anticipated Xi-Trump meeting at the G20 in Osaka on Friday or Saturday. BCA does not anticipate a deal that will end the trade to come out of this get-together, but an agreement for…
Highlights So What? Geopolitical risks are not about to ease. Why? Fiscal policy becomes less accommodative next year unless politicians act. Financial conditions give President Trump room to expand his tariff onslaught. Our…
Supply - demand fundamentals point to higher oil prices going forward. Our expectation regarding OPEC production remains unchanged: The original cartel led by the Kingdom of Saudi Arabia (KSA) will maintain production discipline this…
The current protests are part of a process going back to 2012 in which the disaffected and marginalized parts of Hong Kong society began speaking up against the political establishment. This emerged because of high income…
The pressures in Hong Kong also highlight why we view Taiwan as a potential “Black Swan.” Similar political fissures are emerging as Beijing expands its economic and military dominance over Taiwan. Of course, the…
While the timeline for this process is straightforward, the impact on the Brexit process is not. The odds of a “no-deal Brexit” have increased but so has the prospect of parliament passing a soft Brexit prior to any…