Latest from BCA Research
GenAI momentum is building. Many companies are already reaping benefits from the technology. GenAI is disrupting entire industries, such as education, image generation, and staffing. Investors should prefer our “disruptors” basket over the “disrupted” basket.
The Norges Bank will cut rates only once until year-end as the NOK weakens and inflation hovers around 3%. Expect aggressive easing next year as the economic recovery is delayed by weakness in the energy sector and the labor market deteriorates.
President Donald Trump and his counterpart President Vladimir Putin have met at an air force base in Alaska. The backdrop? America’s shiny F-22 Raptors ominously gleaming on the tarmac, a clear show of force by the US. A reminder that President Trump may be quite friendly with Putin, but that he will not hesitate to impose pain on Moscow if the Kremlin keeps dragging out the conflict in Ukraine.
This week our three screeners highlight plays in global small-cap value stocks, gold miners, and stocks exposed to an exciting structural investment theme: Space.
The Indian rupee remains vulnerable to further depreciation amid slowing growth, tight domestic policy, and fragile capital flows. Trade risks and a weakening external balance will likely keep INR underperforming EM Asia peers.
The cost of tariffs is falling on the US consumer, not foreign exporters or US firms.
Trump’s political capital is near its peak. But near-term optimism will give way to a new round of volatility. Contrary to expectations, the USD may benefit.
Colombian markets will be torn between expectations of future orthodox policies and the reality of a worsening macro backdrop in the next 12 months. To balance risks, we are upgrading Colombian equities, local bonds, and sovereign credit from underweight to neutral versus their respective EM benchmarks.