BCA is not for everyone – and we are proud of that distinction. We look for a select group of individuals (and their entities) whose financial position and preferences enable them to thrive while working with us.
We welcome your interest. Please give us at call at +1-406-556-8202 or fill in the form below to set up a confidential exploratory consultation.
Market Update March 2020
Reflections on steep Coronavirus-induced market declines and impact on BCA 7-yr Capital Market Assumptions
Risk assets (equities, credit, and emerging market bonds) have declined significantly since February 19, including further significant declines since client meetings the first week of March. Several negative datapoints have occurred which has led to a complete risk-off sentiment in the market. Valuations in risk assets have become more compelling for those with a long-term viewpoint, although calling a precise bottom is unrealistic as the ultimate duration and economic impact of the Coronavirus is unknowable at this point in time. Similarly, safe-haven assets (government bonds) performed well during this sell-off but yields and valuations have reached uncompelling levels (especially for fixed income assets with higher duration).
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