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Executive Summary China's Unemployment   Over the past week we have been visiting clients along the US west coast. In this report we hit some of the highlights from the most important and frequently asked questions. Xi…
In this Strategy Outlook, we present the major investment themes and views we see playing out for the rest of the year and beyond.
Executive Summary Long-Term Contracts Needed To Increase LNG Supply   The EU will have to reverse course and execute long-term contracts with natural gas producers, LNG shippers and pipeline operators to incentivize…
Executive Summary Russia Squeezes EU Natural Gas  Major geopolitical shocks tend to coincide with bear markets, so the market is getting closer to pricing this year’s bad news. But investors are not out of the woods…
    Executive Summary At our monthly view meeting on Monday, BCA strategists voted to change the House View to a neutral asset allocation stance on equities, with a slight plurality favoring an outright underweight. The…
Listen to a short summary of this report.     Executive Summary Higher Real Yields Have Weighed On Equity Valuations  I had the pleasure of visiting clients in Saudi Arabia, Bahrain, and Abu Dhabi last week.…
Executive Summary Natural Gas Markets Eerily Quiet  An eerie calm in European natural gas markets belies the state of war in Ukraine that already is producing a cutoff of Russian natgas supplies in retaliation for the EU…
Listen to a short summary of this report.       Executive Summary Recession Checklist  US stocks were down almost 20% at their lowest point in May. Any lower and they would be pricing in recession.…
Listen to a short summary of this report.         Executive Summary The US Inflation Surprise Index Has Rolled Over  Global equities are nearing a bottom and will rally over the coming months as…
Executive Summary Loss Of Russian Production Will Lift Brent  With German imports of Russian oil close to 10% of its total requirements – following an impressive decline from 35% pre-invasion – we expect the EU to…