The BCA Score continues to perform well our Small-to-Mid cap strategy, but missed out in the large cap universe since our factor tilts do not favor the large cap names driving the market. Overall, the BCA Score L/S was held back by a resurgence in upside volatility and a reversal in momentum, but is...
Following this weekend’s OPEC 2.0 meeting, KSA announced a 1mm b/d crude output cut, slated for this July or August, as it attempts to support weak oil prices. The new output quotas, reduced to reflect members’ weak crude oil production will continue until end-2024. UAE’s quota was the only one rais...
It is easy to claim that the ECB is failing in light of today’s elevated inflation readings. Yet, the reality is more subtle and the ECB’s performance lays the ground for stronger growth ahead....
MacroQuant now favors Technology and Consumer Discretionary and the style score continues to favor small-cap growth. In this insight we explore how small-cap growth has favorable breadth compared to the market,and therefore the style offers better opportunities for stocks pickers....
The S&P 500 performance was flat in May if not for the strong performance of a small cohort of mega-caps, aided by exposure to AI. Earnings and sales growth are contracting but analysts expect a rebound into a yearend, which is already priced in. Yet, inflation is still elevated, and the job market ...
In response to client questions, we offer our view on the purported link between tech stocks and interest rates, the similarities between the S&L Crisis and the current banking turmoil and the near-term outlook for consensus economic expectations....
In this report, we follow up on the upgrade to our US duration stance from last week with a review of our rates views and government bond allocations outside the US. We conclude that while we now find US Treasuries to be more attractive from a value perspective, even better value is available in eur...
