France’s snap election is over and, according to BCA Research’s European Investment Strategy service, President Emmanuel Macron’s gamble paid off in some ways: neither the far right nor the far left can form a…
At first glance, France has moved to the far left. However, this coalition is fragile, and Macron’s allies still hold the balance of power. What are the assets that will benefit from this new political setup, and those that will not…
The Labour Party won the UK election, just as BCA Research’s Geopolitical Strategy service predicted back in 2022. However, this win is unlikely to rock the proverbial geopolitical boat. Popular enthusiasm for Sir Keir…
The new Labour government will have flexibility to respond to macro shocks, which is positive for the UK in general, namely GBP-EUR, and also gilts in absolute terms. But over the long run, tax hikes will likely surprise to the…
Does the incipient slowdown in European data herald a soft landing and a goldilocks period for equities? We have our doubts.
BCA Research’s newly launched GeoMacro Strategy service presents the User’s Manual in its inaugural report navigating the differences between Geopolitical alpha and beta. What is the difference between geopolitical…
In our Volume I – The Alpha Report – we posit that the French bond market reaction is a mere amuse bouche for what is coming to the US. All year, we have warned investors that US politics could induce a bond market riot. This moment…
According to BCA Research’s Global Fixed Income Strategy service, while equity markets can drive US dollar crosses from time to time, bond market inflows matter a lot more. Part of the US exceptionalism story can be…
