Highlights President Biden has called for the US intelligence community to investigate the origins of COVID-19 and one of Biden’s top diplomats has stated the obvious: the era of “engagement” with China is over. This…
Highlights China's high-profile jawboning draws attention to tightness in metals markets, and raises the odds the State Reserve Board (SRB) will release some of its massive copper and aluminum stockpiles in the near future. Over…
Highlights Global stocks are very vulnerable to a correction. But cyclically the Fed is committed to an inflation overshoot and the global economy is recovering. China’s fiscal-and-credit impulse fell sharply, which leaves global…
BCA Research’s US Political Strategy service argues that while Republicans are favored to win a majority in the House of Representatives, there is a non-negligible risk that Democrats will retain the House. First, the…
The United Kingdom will remain united – at least for now. The Scottish parliamentary election occurred on May 6 and the result does not herald a second Scottish independence referendum anytime soon. The Scottish National…
BCA Research’s US Political Strategy service believes that President Biden’s political capital is high enough for him to accomplish a major legislative achievement. President Biden’s popularity is “fair…
Biden’s first 100 days can be summed up as the return of Big Government, i.e. “the Leviathan.” But markets are not afraid of one-off corporate tax hikes that only partially reverse the previous administration’s…
According to BCA Research’s Geopolitical Strategy service, the implication of Biden’s spending blowout is reflationary for the global economy, cyclically negative for the US dollar, and positive for global equities…
Highlights Biden’s first 100 days are characterized by a liberal spend-and-tax agenda unseen since the 1960s. It is not a “bait and switch,” however. Voters do not care about deficits and debt. At least not for now.…