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.
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Publications & Press
Nov 172 min read
Charts of the Week
Since the election, Bitcoin has stolen gold’s thunder, breaking out to record highs and rallying 20%.
Nov 43 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 282 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 84 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 33 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 232 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 13 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 292 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 132 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 83 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.
Jul 192 min read
Charts of the Week
The odds of a Trump victory have risen significantly in recent weeks following Biden’s poor debate
performance and Trump’s assassination...
Jun 303 min read
Monthly report, July 2024
French political tensions are weighing heavily on the CAC 40 and, to a lesser extent, on European indices. The US market is outperforming...
Jun 212 min read
Charts of the Week
France, with around EUR 300bn of debt set to be refinanced or issued this year, the rising risk of a
populist government...
Jun 43 min read
Monthly report, June 2024
After a series of US economic figures that fell slightly short of expectations, a recent spate of robust data has raised...
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