U.S. Employment: Trust The Data

Today’s payroll report, combined with the ISM reports, suggests that the U.S economy is back on track after a weak start to the year. The labor data and ISM surveys paint a much more upbeat picture than other recent economic releases on the d … [More.]

Update On Gold

Gold prices remain trendless. Our Commodity strategists expect to maintain an underweight precious metals position within the commodity complex. The above chart shows that the key drivers of gold since 2008 - real interest rates, the dollar and … [More.]

A U.S. Recession Is Unlikely

The annualized 2.9% contraction in first quarter U.S. GDP was among the worst of the postwar era and the only one of its size that did not occur during a recession. But coincident and leading indicators suggest that a recession is highly … [More.]

BCA 2014 New York Investment Conference, Keynote Speaker: Jean-Claude Trichet

We would like to ensure you are aware that the BCA Research New York Investment Conference will be held September 15-16, 2014 at the Grand Hyatt Manhattan. The conference theme is Investment Opportunities In An Aging Bull Market, and this year's c … [More.]

The BoE Turns Hawkish?

Hawkish comments from BoE Governor Carney gave sterling a boost late last week. However, the BoE will use macro-prudential policies to cool the housing market before resorting to interest rate hikes. At his annual Mansion House speech, … [More.]