Geopolitics
Executive Summary The Declining Value Of An Old Friendship
Indo-Russian Relations: Quo Vadis…
Dear Client, Next week, there will not be a written European Investment Strategy report; instead we will host a Webcast on April 26 with Chester Ntonifor, BCA’s Foreign Exchange Strategist. Regards, Mathieu Savary Executive Summary Cyclicals Are Not Cheap Enough…
Executive Summary Macron Still Favored, But Le Pen Cannot Be Ruled Out
Le Pen And Other Hurdles (GeoRisk Update…
Macron V. Le Pen
Macron V…
Executive Summary The Ukraine war reinforces our key view that commodity producers will use their geopolitical leverage this year. The market is growing complacent again about Russian risks. Iran is part of the same dynamic. If US-Iran talks fail, as we expect, the Middle East will…
Executive Summary Long Small Cap Energy Versus Large Cap
Investment Takeaways…
War Not Helping Biden So Far…
Executive Summary Cheap Or Expensive?
Cheap Or Expensive…
Executive Summary Equities Are Still Attractive Versus Bonds
Equities Are Still Attractive Versus Bonds…
Highlights There is no evidence of a decline in US corporate credit or bank lending spreads over the past few decades, meaning that any excess savings effect structurally depressing interest rates is occurring in the Treasury market. We note the possible mechanisms of action for excess savings…