CoreMacro
BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.
Equities, bonds and commodities are becoming suddenly, unusually, and dangerously correlated. But it cannot last.
Keeping home price gains in check has once again become a top priority for the Chinese authorities, which casts fresh uncertainty on both China's macro policy and growth outlook. Tactically downgrade H shares and expect near term volatility to rise. Strategically, we continue to expect Chinese equities to be positively re-rated against their global peers.