Weekly Market Update
Global Market News Global equities unchanged Global equities were relatively unchanged on the week, dropping only slightly. The S&P 500 and Dow Jones closed down 0.10% and 0.23%, respectively, while the Nasdaq declined 0.42%. The US 10-year Treasury yield rose a...
Geopolitics & the Day After
This week we are continuing our analysis of the financial system as we remain wary of the financial stress the latest bout of bank collapses ensued, especially as central banks continue to navigate the dangerous waters of inflation. The controversy over AI...
Canceling the Noise, Not by Bread Alone: Part XXII
Are the financial tremors over? Based on the latest data published by the Federal Reserve Bank of St. Louis (see graph below), it seems that we are returning to some normalcy. However, if the commercial real estate sector in the US and/or Europe starts its own series...
Geopolitics & the Day After
Though we saw promising reports this week that inflation is slowing down, the IMF is warning that there remain risks to the global financial system that could hamper growth and result in a "hard landing". The bank collapses we've witnessed as of late are further...
The Anatomy of Underpinning Upheavals: Part II, the Energy Transition
In the first part of this series, we emphasized China’s ambition to replace (if needed by force) the liberal balance of power with an illiberal autocracy (consequently, limiting the role of the US dollar as the international reserve currency) where useful idiots...
Geopolitics & the Day After
While market volatility seems to have calmed since the collapse of SVB and other banks, we would be foolish to say we have avoided another financial crisis. As you will read in our first segment, financial and market analysts warn that underlying financial and...
India’s Two-Headed Tiger
In the coming months, we will be examining the economic prospects and geopolitical implications of several of the world’s growing markets. Let’s play a quick game of “Guess that Country” - boasting a population of just over 1.4 billion people, this nation has grown...
Weekly Market Update
The BlackSummit Team | April 1, 2023 Global Market News Global equities make gains Global equities made gains this week. The S&P 500 and Dow Jones closed up 3.48% and 3.22%, respectively, while the Nasdaq rose 3.37%. The US 10-year Treasury yield began rising...
Geopolitics & the Day After
As we continue our analysis of the financial instability in the West, we would be remiss to not highlight the ripple effect it has had on emerging economies that threatens global growth. In news about the war in Ukraine, Xi Jinping and Vladimir Putin have been making...
Canceling the Noise, Not by Bread Alone: Part XXI
What’s wrong with the banks? How did we reach the point where three banks failed within a few days, and a couple more are on life support? How did we come to the point where close to $250 billion was wiped from the market value of US banks in about ten days, while one...
