CROSSROADS
At the Intersection of Geopolitics and Geoeconomics March 21, 2023 | Volume 6, Issue 3 | 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...
Weekly Market Update
Global Market News Global equities mixed Global equities were mixed this week as banking headlines continued to bring volatility. The S&P 500 was up 1.42% on the week while the Dow Jones closed Friday only a few points lower from last Friday, 0.15%. On the other...
Geopolitics & the Day After
Financial markets have been rattled by the collapse of Silicon Valley Bank and Signature Bank this week, forcing public and private financial institutions to step in to prevent the spread of contagion. Meanwhile, inflation remains elevated, making the decision to...
Silicon Valley Bust
“On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems.” 15 years later to the day, the FDIC would put Silicon Valley Bank in receivership, marking the second largest bank failure in U.S. history and sending financial markets to reexamine...
Weekly Market Update
Global Market News Global equities fall Global equities were down on the week amid hawkish comments from the Fed and turmoil in the financials sector. The S&P 500 and Dow Jones were down 4.54% and 4.43% on the week, respectively, while the Nasdaq fell 4.71%. The...
Geopolitics & the Day After
While stock markets started the year off well, equities have slumped as fears of entrenched inflation and the risk of a US default mount. As we have witnessed this week, every time the Fed opens its mouth, market volatility rises, and the political debate over the US...
Canceling the Noise, Not by Bread Alone: Part XX
Since our last commentary in this series, several things have taken place. Let’s recall some of them: Jobs growth (based on January’s number) was much stronger than expected; inflationary pressures exhibited elevated numbers; the economy’s resilience became more...
Weekly Market Update
Global Market News Global equities rebound Global equities were up on the week in an attempt to rebound from last week's slump. The S&P 500 and Dow Jones were up 1.90% and 1.75% respectively, while the Nasdaq gained 2.58%. After reaching above 4% midweek, the...
Geopolitics & the Day After
As David Miliband presents in his New York Times article reviewed below, we have entered the Age of Impunity - an era where autocrats exercise power without accountability. Whether it be through war, human rights abuse, unaccountable governance, economic exploitation,...
The Anatomy of Underpinning Upheavals: Part I, China and the Balance of Power
Over the course of the next few weeks, we will be discussing the changes we are undergoing on a global scale as well as the forthcoming changes that are affecting all markets and portfolios. Those changes are marked by solid foundations laid below ground level which,...
