Emerging Markets Strategy

Charts That Matter

Beware Of Another Downleg In Risk Assets

30 Jun 2022

BCA Research | Emerging Markets Strategy

Global Investment Strategy, Counterpoint, Emerging Markets Strategy, China Investment Strategy, European Investment Strategy, US Investment Strategy.

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Contents

Executive Summary / Insight
Investment Conclusions
The US Equity Bear Market: How Advanced Is It?
US Corporate Credit And Share Prices
The US Inflation Genie Is Out Of The Bottle
US Manufacturing Is Downshifting Rapidly
The US Is Entering A Major Growth Slump
Global Manufacturing And Exports Are Heading Into Contraction
Contracting Asian Exports Are Negative For Asian Currencies
The USD Has More Upside, EM FX More Downside
EM Equity Capitulation
EM Equity And Bond Sentiment
EM Equity Valuations And Profits
Four Large-Cap EM Stocks
Chinese And EM ex-China Stocks
Global Cross-Asset Interlinkages
A Structural Breakdown In Chinese Real Estate
Chinese Domestic Demand Has Been Absent Over The Past 12 Months
Will The Pendulum Swing From Inflation To Deflation?
Footnotes
Strategic Themes (18 Months And Beyond)
Equities Cyclical Recommendations (6-18 Months)
Cyclical Recommendations (6-18 Months)

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Topics covered

China Stimulus Economy Financial Markets Inflation/Deflation China United States Emerging Markets Currencies Equities