Profit, Multiple & Margin Trouble Are In Store For Global Equities In 2016

The U.S. dollar has recently been negatively correlated both with the MSCI All-Country World Index (ACWI) and deep cyclical sectors. Given that the U.S. comprises over 50% of the MSCI ACWI, a firming in the U.S. dollar eats into U.S. corporate sector … [More.]

Webcast Replay – The 2016 Outlook: Stuck In A Rut

Crusty old Mr. X, BCA’s loyal client paid us his annual visit to discuss the economic and market outlook. Regrettably, neither his December meeting with BCA’s Strategists nor the rough start markets are off to this year did much to assuage his con … [More.]

Ten Investment Themes For 2016

Our Global Investment Strategy service recently published their Annual Outlook, which discusses the ten themes they expect to drive global financial markets throughout the year: Theme #1: U.S. Growth Continues To Disappoint The U.S. economy is … [More.]

Chinese Policy Uncertainty = Global Equity Risk

Growing uncertainty about China's economic and financial trajectories is raising the risk premium on global stocks and on China-related plays in particular. This, along with weakening growth/contracting corporate profits in many parts of the world, … [More.]

A Renewed Geopolitical Risk Premium For Oil?

Iran and Saudi relations have hit a low point in an already tumultuous relationship, with potential repercussions for the energy markets. Saudi Arabia’s recent decision to execute a prominent Shia cleric Nimr al-Nimr, who was originally imprisoned … [More.]