AI 泡沫论是否成立？ 哪些关键指标预示着泡沫可能破裂，又将如何冲击全球经济？ 大类资产何去何从？ BCA 对全球及中国资产走向的判断，美元与主要货币的前景，以及大宗商品的机会所在。 伊朗战争真的结束了吗？ 冲突是否会再度升级？油价将走向何方？ 三季度最大的地缘政治风险 来自哪里 ...

Tanker Transit Calls Through The Strait Of Hormuz - Recent Sample ...

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In this month’s Alpha, we argue that the most durable way to play the AI buildout is not to bet on which hyperscaler or AI model wins, but rather to own the input they all depend on – energy.1 AI is ...

requires a nuanced understanding. There is no such thing as a single “European market.” Each region presents its own unique challenges and opportunities. Our European team is uniquely positioned to ...

China is providing limited stimulus, promoting tech and trade, and maintaining a tariff truce with the US in 2026. Structural flaws and great power struggle continue to cast dark clouds over the long ...

In this week’s report, we examine a number of historic capex booms, all of which turned into busts. We then proceed to draw some lessons for today’s AI capex boom.

This year, we once again present our 2026 outlook as a retrospective from the future – a future in which the AI boom tur... Global Investment Strategy has become one of the most widely read ...

The July Philadelphia Fed survey beat estimates by a wide margin, which signals continued US manufacturing strength. The headline rose to 41.4 from 10.3, its highest in nearly five years. The Philly ...

Since 2018, we’ve published what we call “The Most Important of All Unimportant Forecasts” – applying the same macro framework we use for markets and the global economy to predict the World Cup. Now, ...

Critical input for global and EM investors, providing global macro investment themes and recommendations for EM equities, currencies, and fixed income. Clients have access to unique investment themes ...