The July German IFO beat estimates, but the improvement was driven by expectations while current conditions weakened. The headline index rose on a jump in expectations, even as the current conditions ...

Small-cap outperformance has been driven mostly by within-sector stock selection, not differences in sector weighting. With the small-cap earnings catch-up reversing and leverage rising, we would fade ...

Our clients expect sticky inflation to persist. Last week’s client poll saw a clear majority expecting inflation to stay sticky near current levels over the next 12 months. The conclusions were ...

The JPY’s decline reflects rising inflation expectations rather than fiscal risk, and is likely to persist until the BoJ turns more hawkish. Our Chart Of The Week comes from Mathieu Savary, Chief FICC ...

Investors aiming to reduce exposure to AI-related market volatility should seek refuge in the equal-weight S&P 500. The equal-weight index (EWI) meaningfully outperformed the cap-weighted index ...

The South African Reserve Bank will not be able to hold rates for long. The SARB held its policy rate at 7%, defying expectations for a 25 bps hike. With inflation reaccelerating above the target band ...

The Strait of Hormuz is a unique geographical feature. Other than the Bosporus and Dardanelles Straits that allow passage ...

Noah Weisberger helps investors understand how macroeconomic regimes, earnings dynamics, valuations, and sector leadership shape U.S. equity market returns and portfolio positioning. His work focuses ...

Brian Payne helps investors understand the risks, opportunities, and portfolio implications across private markets and alternative investments. His work focuses on developing forward-looking views and ...

Rajeeb serves as Senior EM Strategist within our Emerging Markets Strategy team under the leadership of Arthur Budaghyan. His expertise centers on BCA’s coverage of India, ASEAN and EMEA. Rajeeb first ...

Roukaya Ibrahim helps institutional investors navigate the macroeconomic, policy, geopolitical, and thematic forces shaping commodity markets and their implications for portfolios. As BCA Research's ...

Garry is Head of Research Solutions, managing the content of BCA’s research and its delivery to clients. From 2015-2025, he was Chief Strategist for Global Asset Allocation, BCA’s portfolio ...