Special Report

Highlights So What? Our “Black Swan” risks for the year reveal several potential wars. Why? While we think it is premature to expect armed conflict over Taiwan, an outbreak of serious tensions is possible. Russia…

Special Report

Mr. X and his daughter, Ms. X, are long-time BCA clients who visit our office toward the end of each year to discuss the economic and financial market outlook. This report is an edited transcript of our recent conversation. Mr. X: I have…

Mr. X and his daughter, Ms. X, are long-time BCA clients who visit our office toward the end of each year to discuss the economic and financial market outlook. This report is an edited transcript of our recent conversation. Mr. X: I have…

Special Report

Highlights So What? The bull market in defense stocks is global and only beginning. We construct a BCA Global Defense Index to give investors exposure to this theme. Why? Multipolarity will drive uncertainty and conflict, spurring…

Special Report

Highlights So What? More downside to CNY/USD ahead. Why? The trade war is spilling into political and military arenas, making it harder to de-escalate and negotiate a trade deal. Official U.S. and Chinese rhetoric is increasingly…

Special Report

Highlights Rising non-OPEC production and the Trump administration's successful efforts at jawboning OPEC into increasing oil production - including a not-so-subtle threat that American protection of the Cartel's Gulf Arab…

Highlights President Trump is a prisoner of his own mercantilist rhetoric - there is more trade tension and volatility to come; China's depreciation of the RMB can go further - and will elicit more punitive measures from Trump;…

Special Report

Dear Client, Geopolitical analysis is a fundamental part of the investment process. BCA’s Chief Geopolitical Strategist, Marko Papic, will introduce a one-day specialized course - Geopolitics & Investing - to our current BCA…

Highlights The not-so-veiled threat to Gulf Arab oil shipments through the critically important Strait of Hormuz by Iran's President Rouhani earlier this week was a response to the ramping up of maximum pressure by the Trump…

Special Report

Highlights North Korea is a geopolitical opportunity more than a risk to markets - the key regional risk comes from U.S.-China tensions; China's geopolitical rise, and the fear of a U.S. attack on North Korea, is driving the two…