Global semiconductor stocks have returned 50% YTD in USD terms, and a whopping 200% since their September 2022 lows. However, they may have peaked back in July. Our Emerging Market strategists highlight a significant…
BCA Research’s European Investment strategists looked at previous episodes of carry-trade blowups and assessed the performance of the Eurozone’s key sectors, national markets, and currencies three and six months…
According to BCA Research’s Emerging Markets Strategy Service, China has been accumulating high-value memory semiconductors in anticipation of further US restrictions. Since October 2022, the US has been tightening rules…
The Q2 2024 earnings season is drawing to a close with 93% of S&P 500 companies having reported results as we go to press. Nearly 80% (60%) of companies have topped earnings (sales) expectations in Q2, according to Factset…
According to BCA Research’s US Political Strategy service, in the final months of an election cycle, equities underperform relative to non-election years. This extends further into Q1 of the following year due to…
Singapore is a small open economy sensitive to global trade dynamics. Its non-oil exports (NODX) are thus a good bellwether for global growth conditions. They rebounded sharply in July from a previous contraction, largely…
August’s selloff has featured a rotation out of Big Tech. The Nasdaq shed 8% across Thursday, Friday, and Monday, led by concentrated selling among several Mega caps. Nvidia, Tesla, Microsoft and Amazon shed 14%, 14%, 6%…
Today’s AI craze bears some resemblance to the late-1990s dotcom boom. We highlight three lessons from that period which are relevant today. Lesson #1: Productivity gains from the rollout of a new technology can…