Latest from BCA Research
It is not every day that we reference a Tucker interview as market relevant. His sit down with the VP candidate JD Vance caught our attention.
In this report, we follow up on the Roundtable that we hosted on September 11. We summarize the results of the client polls and answer a few questions on top of investors’ minds.
The Draghi report highlights sensible reforms that would address many of Europe’s productivity shortcomings. Whether European capitals heed Mario Draghi’s advices remains to be seen.
Unlike public markets, performance in private markets is complex and multifaceted. In this report we present multiple metrics across time and sources, offering investors a comprehensive range of benchmarks to assess their relative performance. Differences across sources will surprise.
Initial rate cuts are not statistically significant for Equity Analyzer’s factors, though we still note Value and Safety as top performers. Sectors are the same. Defensives spike but lose traction as Cyclicals come into favor later. If a hard landing materializes as we expect, equities will move lower, even in the face of further rate cuts.
The Vietnamese economy is growing at a strong 7%. Why, then, are Vietnamese stocks struggling? Should investors expect a revival soon?
Investors should de-risk tactically in expectation of shocks and surprises ahead of the US election and an uncertain aftermath. Democratic victory with a gridlocked Congress is our base case but would bring minor tax hikes and nuclear brinksmanship with Russia. A Republican single-party sweep offers huge tax cuts but also a global trade war. Recession looms regardless.
