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DeepSeek's AI breakthrough will likely enhance China’s productivity gains. But does it justify a re-valuation in Chinese tech stocks? Sustaining the Chinese tech rally will require corporate profits to overcome the pressures of…
 Our colleagues from The Bank Credit Analyst revisited the outlook for Canadian stocks after they outperformed global ex-US stocks in late 2024. The outperformance was driven by financials and tech. While Canadian tech gains were…
Special Report Jonathan provides an update on Canada following strong performance from Canadian stocks last year. On a tactical basis, underweight Canada versus global ex-US on the expectation of tariffs targeting Canada and Mexico. Following a…
Special Report GAI is a double-edged sword for S&S. Companies without GAI applications find that GAI crowds out their offering from IT budgets. In contrast, companies with GAI offering find that high inference costs make new products less…
In this first presentation of 2025, we start with an overview of the 2025 outlook webcast polls, and a brief post-mortem of the 2024 market performance. Then, we shift gears and examine what is behind the recent surge in bond yields…
To kick start our new research agenda at Equity Analyzer, we welcome you to our weekly screener report. Each week we will deliver three screeners highlighting stocks exposed to various macro and investment views and themes, that have…
 Our Counterpoint Strategy team sees Japanese real yields as the key risk to global equities. Rising inflation expectations in developed markets, excluding Japan, will keep inflation above target and limit further rate cuts.…
  The “core core” (ex. fresh food & energy) segment of the Tokyo CPI basket beat expectations in October, printing at 1.8% year-over-year and accelerating from 1.6% in September after troughing at 1.5% in July. The…
  Our Counterpoint Strategy team believes the equity bull market’s biggest risk is the reversal of the divergence between Japanese and US real yields. Japan’s real policy interest rate differential versus the US…
  The recent slump in globally- and tech-sensitive East Asian trade shows no respite, with advanced October Korean exports and September Taiwanese export orders data disappointing. Korean exports for the first 20 days of October…