Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

Economy

The Portuguese Bourse Is Defensive
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…
Daily Insights
F_IMAGE_20231127_153219.PNG
OUTLOOK 2024: The End Of The Easy Money Era

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.

The Bank Credit Analyst
F_IMAGE_20231124_150322.PNG
Global Smartphone Demand: An Anemic Recovery In 2024?

Global smartphone demand will likely find a bottom in 2024Q1 and rebound modestly between 2024Q2 and Q4. Competition in the global smartphone market will intensify. Chinese phone makers will gain market share from Apple and Samsung. Continue overweighting Taiwanese stocks, including tech, within the global equity benchmark.

China Investment Strategy
F_IMAGE_20231124_092132.PNG
Portugal: A Journey To Higher Rates

The first stop of the EIS Special Series: PIGS Have Wings takes us to Portugal.

European Investment Strategy by Jeremie Peloso
Flash US Composite PMI Unchanged In November
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…
Daily Insights
Consumer Discretionary Boasts Strongest Q3 Earnings Surprise
The Q3 earnings season is coming to an end. By Friday, 481 companies in the S&P 500 index had reported earnings. In aggregate, the results are generally favorable. The share of companies whose earnings exceeded analyst expectations (81.9%) is above the…
Daily Insights
Caution: Preliminary Releases Are Subject To Revision
The US nonfarm payroll report is an important monthly data release that investors scrutinize for updates on the state of the US labor market and economy more broadly. In the current context, the updates help gauge whether the US economy is heading toward…
Daily Insights
Inventory Cycles And Markets
According to BCA Research's Emerging Markets Strategy service, investors should focus on fluctuations in final demand rather than inventories. A common narrative endorsed by many market participants is that inventory restocking worldwide will support the…
Daily Insights
f_image_20231124_171436.PNG
Riksbank Post-Mortem And The Lessons For Other Currencies

This report looks at the prospects for the Swedish krona, following the pause by the Riksbank.

Foreign Exchange Strategy by Chester Ntonifor
What Are Balance Of Payments Telling Us?
Most developed market central banks have paused hiking interest rates. With interest-rate differentials having been the most important driver of currencies over the last two years or so, the focus might now shift to other factors. One such factor could be…
Daily Insights

Related Topics

AI BCA Indicators/Model BDCs Bubbles/Crises/Manias Commodities Commodities & Energy Sector Country In-Focus Currencies Defaults Deleveraging See more Topics