Multi Asset: Regional

U.S. Investment Strategy

BCA’s U.S. Investment Strategy analyzes the future direction of U.S. financial markets and the U.S. economy to set equity portfolio strategy and enhance returns for asset-allocators.

Tools to forge your own views

  • Recommendations in all major asset classes
  • Weekly reports updating our views and their interaction with ongoing data and news flow
  • Special Reports conducting a deep dive into individual market or economic topics
  • Continuously updated proprietary models and indicators
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U.S. Investment Strategy blends an extensive study of cycles and BCA’s formidable institutional memory with hands-on money management experience to provide clients with actionable asset-allocation advice.

Doug Peta Chief Strategist, U.S. Investment Strategy

How we do it

  • The USIS team rigorously studies the business cycle, the credit cycle, the sentiment cycle, and the monetary policy cycle to anticipate market-moving inflection points
  • We focus on only the elements of the economy that impact financial markets and are of interest to the vast majority of investors
  • We make use of the entire archive of proprietary models and indicators from USIS’ 25-year history and BCA’s 70-year history

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Some of what we have called

2013-14 Equities
Upgraded equities to overweight and downgraded Treasuries to underweight in our September 23, 2013 report. Between September 23, 2013 and September 12, 2014, when the next team took over USIS, the S&P 500 Total Return Index outperformed the Barclays U.S. Treasury Index by 16.2%.


2013-14 Spread Product
Upgraded spread product to overweight in team’s inaugural August 12, 2013 report. Recommendation to overweight high-yield over investment-grade corporates delivered 3% of outperformance between August 12, 2013 and September 12, 2014, when the next team took over USIS.


Upgraded spread product to overweight in team’s inaugural August 12, 2013 report. Recommendation to overweight high-yield and investment-grade corporates over Treasuries delivered 7.6% and 4.6% of outperformance, respectively, between August 12, 2013 and September 12, 2014, when the next team took over USIS.


2013-14 Dividend Aristocrats

Recommended owning the S&P 500 Dividend Aristocrats Index in place of Treasuries and Investment-Grade Corporates in the August 19, 2013 report as a higher-returning alternative to “safe” debt. Between August 19, 2013 and September 12, 2014, when the next team took over USIS, the S&P 500 Dividend Aristocrats Total Return Index outperformed the Barclays U.S. Treasury Index and the Barclays U.S. Corporate Index by 15.3% and 9.9%, respectively.


2014 Property REITs
Recommended owning property REITS in place of Treasuries and Investment-Grade Corporates in the April 14, 2014 report as a higher-returning alternative to “safe” debt. Between April 14, 2014 and September 12, 2014, when the next team took over USIS, the S&P 500 REIT Total Return Index outperformed the Barclays U.S. Treasury Index and the Barclays U.S. Corporate Index by 6.8% and 6.1%, respectively.

U.S. Investment Strategy

Chief Strategist

Doug Peta

Doug is currently BCA’s Chief Strategist, U.S. Investment Strategy & Global ETF Strategy. He joined BCA in 2010 and has also led the Global Asset Allocation service. Prior to BCA, he spent over 20 years as a strategist, analyst and trader. Doug holds an MBA with Honors in Finance and Economics from the University of Chicago and a B.S. in Accounting from the University of Virginia. He is a CFA charter holder.

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