Macro Investment Insights & Market Commentary

Most Fed and pundit assessments of inflation expectations are overly narrow, focusing too much on long-term market-based measures. We favor a more qualitative approach that asks whether the inflation outlook is influencing household and business decision making....

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The Houthis Are Irrelevant

The Strait of Hormuz is a unique geographical feature. Other than the Bosporus and Dardanelles Straits that allow passage between the Mediterranean and the Black Sea (via the Sea of Marmara), there are very few other such, economically valuable, choke points. What many armchair geopolitical strategi...

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Chief Economist’s View: Late-Cycle Dynamics

As long as the AI boom keeps booming, all other investment considerations will remain on the back burner. However, if the AI trade fizzles, this would expose deep-seated problems within the global economy, which could very well lead to an economic downturn as early as next year....

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China H2 Outlook, Fiscal Support, And The “Kimi Moment”

China's economy is slowing, but policymakers are unlikely to launch broad-based stimulus in H2. Meanwhile, the emergence of China's "Kimi moment" underscores Beijing's commitment to technological upgrading and the country's rapidly advancing AI capabilities....

Webcast Replay

Quarterly Outlook: Portfolio Construction

In this Webcast, Juan and Brian introduced the Portfolio Construction platform and showed how it brought Public and Private Markets together in a unified framework. They also discussed the key allocation views behind why investors:

Should Overweight Private Equity
Should rotate out of momentum stocks into quality and hyperscalers
Should downgrade Late-Stage Venture Capital

Moreover, they reviewed their outlook on the macro economy, fixed income, rates, real estate, infrastructure and liquid alternatives.

Watch Now

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US Passes Trump “Stress Test”

The Supreme Court, Senate, Fed, and other institutions have proved resilient so far under the Trump administration. US institutional erosion is overstated....

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Global Inflation-Linked Bonds: Inflation Forecasts Favor ILBs Amid Energy Risks

In this Strategy Insight, we assess how Middle East-related energy and shipping disruptions are shaping the global inflation outlook and review the implications for inflation-linked bond markets. We also examine the outlook for core inflation and the resulting implications for central bank policy an...

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The Rent Is Too Damn High And Other Housing Misnomers

News flash: Young urban professionals are not gasping under the weight of an impossible rent burden. Investors should not be led astray by lightly examined popular narratives....

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Coloring Increasingly Outside The Lines

In our last update on the Iran-US conflict, we noted that both sides in the conflict (all three, if we include Israel) were “coloring inside the lines.” By that we meant that they were abiding by the “red lines” of kinetic activity established in the heat of the first iteration of the Iran conflict....

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Bull/Bear Debate: Buy Dips Or Sell Strength In 2H2026?

BCA's bull/bear debate webcast, held on July 13, 2026 (replay here) and moderated by Chief Investment Strategist Marko Papic, pitted Peter Berezin and Arthur Budaghyan on the bearish side against Juan Correa and Noah Weisberger on the bullish side. This edited summary condenses, reorganizes by theme...