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Publications & Press


4 days ago3 min read
Monthly report, February 2025
The DeepSeek shock has shaken the American semiconductor and independent power producer sectors. European luxury goods performed rather...


Jan 63 min read
Monthly report, January 2025
In the latest edition of our monthly report: Editorial Overweight or underweight US equities? For 15 years, the answer is to overweight...


Dec 18, 20244 min read
Market & Strategy Update - Q1 2025
The global economy has proved resilient in Q4, forcing the consensus to embrace the strong growth narrative for 2025. The US economy...


Dec 12, 20242 min read
Charts of the Week
The Atlanta Fed GDPNow forecast stands above 3% real growth for Q4, while inflation remains above
the Fed’s target and accelerating...


Dec 2, 20243 min read
Monthly report, December 2024
The election of Donald Trump has only accentuated the outperformance of US equities, driving the dollar to its highest level of the year.


Nov 17, 20242 min read
Charts of the Week
Since the election, Bitcoin has stolen gold’s thunder, breaking out to record highs and rallying 20%.


Nov 4, 20243 min read
Monthly report, November 2024
The market has already positioned itself for a Donald Trump victory and partly for a Republican victory in the Senate...


Oct 28, 20242 min read
Charts of the Week
The 10-year yield is up over 60bps since the Fed cut rates by 0.5%. Interestingly, Trump’s betting
market odds of victory have soared...


Oct 8, 20244 min read
Market & Strategy Update - Q4 2024
Expectations that the Fed will cut rates more aggressively than its peers are likely to be proven wrong, supporting the USD against major...


Oct 3, 20243 min read
Monthly report, October 2024
Those who persist in denying China's importance in the financial markets will regret it over the coming months, and it would be a mistake...


Sep 23, 20242 min read
Charts of the Week
While commodities are likely to be back on investors’ radars in the coming months as inflation concerns resurface, Platinum Group Metals...


Sep 1, 20243 min read
Monthly report, September 2024
The US Federal Reserve is set to begin its first round of rate cuts on September 18. If it's in response to falling inflation...


Aug 29, 20242 min read
Charts of the Week
Equities and bonds are currently signaling two very different scenarios. Bonds are pricing in aggressive rate cuts, which...


Aug 13, 20242 min read
Charts of the Week
Global equity indices went through major declines in early August, with the Nikkei crashing 12% in JPY
terms, the biggest daily drop...


Aug 8, 20243 min read
Monthly report, August 2024
Trends in vogue in 2023 and 2024, such as long Mag7 or short JPY against USD, are being seriously challenged.
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