The Day After & the Era of Transformation
Here is our take on the articles summarized below: The energy transition marches on. To begin our summaries this week, we examine how one of the key elements of the renewable energy shift - cobalt - has become a critical issue in the US China rivalry, with China...
Economic & Market Outlook 2022: Part I
John Charalambakis, Mohamed Ramzi Roshdi, & Nicolas Abdelhak Thucydides taught us that the past shapes the future, but the latter has a tendency to depart from the former with a vengeance! In this commentary, we offer an initial assessment of next year’s outlook...
Animal Research and the Danger of Misinformation
By: Naomi Wilkerson, PhD, Neuroscientist and Science Policy Advisor In 2018, the Pew Research Center released a poll that asked Americans a simple question: do you agree or disagree with the use of animals in scientific research? Results showed that 52 percent of U.S....
Weekly Market Update
Global Market News Global equities mixedGlobal equities were a mixed bag this week. The S&P 500 and Nasdaq closed the week up 0.32% and 1.24%, respectively, while the Dow Jones dropped 1.38%. The yield on the US 10-year Treasury note decreased slightly to 1.54%,...
Geopolitical Challenges and Statecraft
Due to the Thanksgiving holiday, we will not be posting The Day After & the Era of Transformation next Thursday. The world of geopolitics has become increasingly polarized to the extremes. The US- China rivalry has begun taking on aspects of the Cold War’s nuclear...
Disruption and the Second Derivative
“Fish where the fish are” - Charlie Munger There’s an old story from the birth of the Norwegian oil market that has always stuck with me. In the 1960s the Norwegian economy was not a place that attracted a lot of capital. It was a subsistence economy built on the...
Weekly Market Update
Global Market News Global equities fall shortGlobal equities fell short this week, ending a 5-week winning streak. The S&P 500 and Dow Jones fell 0.31% and 0.63%, respectively, while the Nasdaq closed the week down 0.69%. The yield on the US 10-year Treasury note...
The Day After & the Era of Transformation
As we have written on previous occasions, we believe the “Era of Transformation” which gives this newsletter its name is a multifaceted shift away from old dynamics to a new equilibrium (the “Day After”). Two key elements driving this shift are the energy transition...
Portfolio Navigation Before Year’s End: Reflections from Augustus and Faust, Part II
Over the course of the last few days, a good chunk of the economic analysis has been focusing on the breakeven inflation rate, a.k.a. the investors’ sentiment and inflationary expectations for the next five years. The reason behind such concerns is the fact that the...
Weekly Market Update
Global Market News Global equities make gainsGlobal equities had another week of gains, establishing new highs after the Federal Reserve announced that it would reduce the pace of its bond-buying program. The S&P 500 and Dow Jones gained 2.00% and 1.42%,...
