Latest from BCA Research

In this screener report, we explore opportunities in Inflation risk, supply-constrained Information Technology stocks, and old-economy cyclicals.

The April CPI report showed clear evidence of the direct effect of higher oil prices on inflation but, so far, limited evidence of passthrough to core.

Private Equity fund vehicles may extend beyond 10 years, but the underlying assets that drive performance typically do not. We provide the framework for investors to capitalize on this reality.

Equities have thrown caution to the wind for much of April and early May. We do not disagree with the sanguine mood, but caution that the Hormuz saga is far from over. Still, the AI capex mania continues and the labor market is firming in the US,…

The investment cycle remains firmly intact, driving equity prices and fundamentals, as confirmed by both Q1 data and corporate commentary. Upside surprises, expanding margins, and rising capex expectations point to resilient demand. Companies…

We take stock of earnings, AI capex and the labor market and explain why we think the repeated new highs in the S&P 500 are justified.

The US High Quality (USHQ) portfolio underperformed its benchmark through April, returning 7.02%, while its SPY benchmark returned 11.55%. On a trailing three-month basis, the USHQ portfolio’s performance was weaker than the benchmark as well,…

Improving job growth keeps Fed rate cuts off the table, but evidence of labor market tightening will be required before rate hikes become part of the discussion. 

MoF FX intervention has drawn a line at 160, triggering a sharp yen squeeze. But with near-term fundamentals still stacked against the currency, USD/JPY remains poised to retest the highs before any durable turn.

Aggregate Senate betting market pricing appears too pessimistic on Democrats relative to state-level odds and early polling, suggesting a potential mispricing and a relatively sanguine attitude towards the still-unresolved conflict in Iran and its…