Political Systems, Anacyclosis, and Market Cycles: Polybius at the Trading Pit
There is little doubt that momentum, liquidity, and earnings have been driving the equity market higher. Market breadth (advancing stocks relative to declining ones) has been coming back following significant drops, leading the indexes to higher highs and higher lows,...
Regional Market Watch
Welcome to our monthly newsletter which covers key developments in major non-US markets. With this newsletter, we highlight corporate, debt, and monetary policy news in European, Asian, and Latin American markets. We end this piece with a spotlight on commodities....
Geopolitics & the Day After
Geopolitical Concerns takes a look at how Trump's relationship with Putin continues to influence U.S. diplomacy, raising concerns that Washington’s approach may prolong the war in Ukraine rather than resolve it. Meanwhile, Europe is ramping up defense spending...
CROSSROADS: Middle East, Asia, Latin America, Sub-Saharan Africa
Here is a summary of the most important events that unfolded over the last month in the Middle East/North Africa, Asia (ex-China/India/Japan), Latin America, and Sub-Saharan Africa, and which may affect economic, financial, and geopolitical issues in the months ahead....
CROSSROADS: North America, Europe, China, India & Japan
Here is a summary of the most important events that unfolded over the last month in North America, Europe, India, China, and Japan and which may affect economic, financial, and geopolitical issues in the months ahead. Tomorrow, we will be publishing our Crossroads...
Geopolitics & the Day After
Geopolitical Concerns traces the unraveling of U.S.-India relations, the legal reckoning facing Israel, and Trump’s fusion of economic nationalism with state control—each revealing how strategic mistrust and blurred governance norms are reshaping global...
Risk Appetite, Shocks, and Portfolios: When Solon Met Croesus
Embracing risk could be a liberating force from fear. It’s risk embracing that has elevated equity markets to very high levels (some would argue about overvaluation levels) and has also rewarded tech companies with record profit margins and consequently with record...
Weekly Market Update
Global Market News Global Equities Make Gains Global equities made gains this week after last week's slump. The S&P 500 and Nasdaq ended the week up 0.79% and 1.55%, respectively, and the Dow Jones increased 0.10% on the week. The U.S. 10-year Treasury edged...
Geopolitics & the Day After
Geopolitical Concerns examines the uncertain future of leadership in China, the shifting dynamics of Palestinian statehood recognition, India’s brewing constitutional crisis, and Poland’s struggle to restore liberal democracy—each revealing how succession,...
The Wooden Nickel
The Wooden Nickel is a collection of roughly a handful of recent topics that have caught our attention. Here you’ll find current, open-ended thoughts. We wish to use this piece as a way to think out loud in public rather than make formal proclamations or projections....
