According to BCA Research’s Bank Credit Analyst service, events that have occurred since the onset of the pandemic have highlighted that the easy money era that prevailed from 2009-2021 is very likely over. The Fed will…
The Reserve Bank of New Zealand (RBNZ) held its key interest rate steady at 5.5% at the November policy meeting yesterday. That decision was as expected, but the messaging surrounding the announcement was surprisingly…
Recent Euro Area economic data have been sending a less pessimistic signal. Wednesday’s releases are in line with this trend. The European Commission’s confidence indicator shows a mild improvement in economic…
Q3 US real GDP was revised higher in the second estimate that was released on Wednesday. The 5.2% q/q annualized increase beat expectations of a more muted upwards revision to 5.0% q/q from the advance estimate of 4.9% q/q. In…
Our political forecasting scored wins in 2023 but we failed to capitalize on it adequately in our trade recommendations.
After widening since mid-year, the spread between German bunds and Italian BTPs has been narrowing over the past month. What is driving this move? Our Chief Global Fixed Income Strategist highlighted in Tuesday's BCA Live…
Today, we are sending you the BCA annual outlook for 2024. The report is an edited transcript of our recent conversation with Mr. X and his daughter, Ms. X, who are long-time BCA clients with whom we discuss the economic and…
A series of notable events took place over the Thanksgiving holiday but none of them force us to change our fundamental assessments. The conflict in the Middle East is likely to escalate rather than de-escalate, while the Taiwan…
This report looks at the prospects for the Swedish krona, following the pause by the Riksbank.