Highlights Portfolio Strategy We recommend investors participate in the equity market rotation during the ongoing correction and position portfolios for next year’s bull market resumption by preferring unloved and undervalued…
The sharp recovery in global shipping rates indicates that the recovery in the global trade cycle has legs. The Harpex Shipping Index, which measures the cost of chartering a container ship is now a stone-throw away from its…
The outperformance of transportation stocks relative to utilities has gained pace in the month of August. This internal market dynamics is important because it confirms that the outlook for cyclical equities is improving relative…
While the S&P transports index has neither made new all-time highs nor outperformed the SPX year-to-date, one economically hypersensitive sub-group, trucking, has been revving its engines and is sending a bullish signal for…
Highlights Investment Grade Sector Valuation: Our investment grade corporate bond sector valuation models for the US, euro area, UK, Canada and Australia show some common messages, as markets have adjusted to a virus-stricken world.…
After collapsing by 71% between mid-February and early April, global flight numbers are once again increasing, rising 162% between April 12 and May 21. This improvement overstates the pick-up in the number of passengers as flights…
Dear Client, In lieu of our regular report next week, we will be sending you a Special Report on China from Matt Gertken, BCA Research’s Chief Geopolitical Strategist. Matt will discuss whether China’s President Xi Jinping is…