Market Fundamentals and Direction, Part II: Caesar, Bach, and the Day AfterÂ
In the first part of this commentary, we examined two contrasting views of the market’s direction. The one describes a resilient economy. The other raises concerns about economic fundamentals that cannot justify significant equity exposure. As the commentary...
Weekly Market Update
The BlackSummit Team | July 29, 2023 Global Market News Global equities make gainsGlobal equities made gains this week. The S&P 500 and Dow Jones closed up 1.01% and 0.66%, respectively, while the Nasdaq gained 2.02% over the week. The US 10-year Treasury ticked...
Geopolitics & the Day After
July 27, 2023 This week's edition covers risks posed to the global economy and the opportunity for the African continent. We start by reviewing the supply of critical minerals and the impact geopolitics may have on China's role in the marketplace. Then, we move into...
There is Too Much Money in the System
Different manifestations of money are better understood than others. The paper bills in our wallets and the digits sitting in our checking and savings accounts at the bank are easily understood. Since the Financial Crisis, investors and market participants have had to...
Weekly Market Update
Global Market News Global equities mixed Global equities were mixed this week as several disappointing tech earnings reports came out. The S&P 500 and Dow Jones closed up 0.69% and 2.08%, respectively, while the Nasdaq closed down 0.57%. The US 10-year Treasury...
Geopolitics & the Day After
This week's edition examines the major geoeconomic and geopolitical shifts that are underway in a new era of global volatility. We start by reviewing global demographic trends, where wealthy countries and developing countries have divergent futures. We move into the...
The Anatomy of Underpinning Upheavals, Part III: Money, Kant, and the Platonic Shadows
Is there a Kantian Categorical Imperative for change in the international reserve system? A recent article by Bloomberg had the following introductory note: “All around the world, a backlash is brewing against the hegemony of the US dollar. Brazil...
Geopolitics & the Day After
This week's edition brings together geopolitical change alongside economic opportunity. We start by reviewing political trends in Europe, as far-right parties gain strength across the Eurozone. We move into clean technology and the opportunity for cleaner and more...
Burning Money: The Harm and Waste of Gas Flaring
It’s a striking image: a line of stick-thin metal towers arrayed across oilfields, spewing fireballs that wave like orange flags against the blue sky. The towers, appropriately called flare stacks, burn the gas that is produced during oil extraction in a process...
CROSSROADS
At the Intersection of Geopolitics and Geoeconomics July 11, 2023 | Volume 6, Issue 6 | The BlackSummit Team Here is a summary of important events that unfolded over the last month, and which may affect economic, financial, and geopolitical issues in the months ahead:...
