This year, we once again present our 2026 outlook as a retrospective from the future – a future in which the AI boom turned to bust.Next week, please join me for a Webcast on Wednesday, December 17 at 10:30 AM EST (3:30 PM GMT, 4:30…
MacroQuant is tactically overweight equities, favors an above-benchmark duration stance in fixed-income portfolios, remains bearish on the US dollar, and is bullish on gold and copper.
Despite talk of September seasonality, the S&P 500 has not pulled back, and the pain trade remains higher. The sell-off many expected failed to materialize. Positioning is not stretched, and in an environment where dip-buying…
MacroQuant sees downside risks to stocks over a long-term horizon but is not yet saying that we are at imminent risk of an equity bear market.
US equities are set for tactical outperformance versus Europe, but dips or underperformance in European assets remain entry points for long-term investors. European stocks have stalled below prior highs, while the S&P 500 has…
BCA’s US Equity strategists reiterate their overweight stance on Banks and Diversified Financials. Q2 results were solid, with resilient consumer strength and a rebound in capital markets activity. Net interest margins are…
The fact that the US economy has been slower to deteriorate than in past cycles is entirely consistent with our kinked Phillips curve framework. We will be looking to our MacroQuant model for guidance on when to turn fully defensive…
The S&P 500 sits near all-time highs, but sentiment and positioning suggest euphoria has not driven this rally. Prices are elevated, yet the SKEW/VIX ratio sits at 8.3, or its 67th percentile. While not at extreme levels…