Developed Countries
The Baltic Dry index, which measures the average price paid for the transport of dry bulk materials across more than 20 shipping lanes, has rebounded 63% this month and 130% since the middle of the year. The latest leg of the rally is not happening in…
According to BCA Research's Geopolitical Strategy service, coalition politics will prevent radical policy changes in the Netherlands. The Dutch elections saw a shift to new and opposition parties as the team expected. The right-wing…
While the S&P 500 has rallied by 18.8% so far this year, not all sectors and industries have gained on a year-to-date basis. Nearly half of the 11 sectors are in the red. This list, which is made up of Utilities (-11.7%), Consumer Staples (-4.6%), Energy…
After a sharp rally since late-October, the S&P 500 is now on the verge of breaking above its late July year-to-date high and completely erasing the losses incurred over the prior three months. Investor sentiment has also rebounded sharply and is once…
According to our Global Investment Strategy (GIS) service, so far this year, inflation in the US has declined sharply even though employment growth has remained strong. There are many factors that have contributed to this constructive situation, including…
According to BCA Research's European Investment Strategy service, given the defensive nature of Portuguese equities and the team's recession view, investors should favor the Portuguese bourse relative to Euro Area equities. The Portuguese equity market is…
Today, we are sending you the BCA annual outlook for 2024. The report is an edited transcript of our recent conversation with Mr. X and his daughter, Ms. X, who are long-time BCA clients with whom we discuss the economic and financial market outlook for the next twelve months toward the end of each year.
A series of notable events took place over the Thanksgiving holiday but none of them force us to change our fundamental assessments. The conflict in the Middle East is likely to escalate rather than de-escalate, while the Taiwan Strait has at least a 50/50 chance of seeing tensions escalate next year.
The first stop of the EIS Special Series: PIGS Have Wings takes us to Portugal.
The US flash PMI sent a mixed signal about economic activity in November. The Composite index was unchanged at 50.7 – beating expectations of a slight decline to 50.4. The stable reading comes on the back of a deterioration in manufacturing and a slight…