Speculative froth has built up across all precious metals, yet gold’s structural tailwinds will allow it to weather corrections better than its peers....
In global markets, speculative forces have intertwined with the sound fundamentals of specific equity segments, perplexing investors. This report aims to distinguish between excessive price run-ups and healthy fundamentals....
With Sino-US tensions flaring up again, will Chinese manufacturers accelerate their overseas capacity shift? In this Special Report we examine China’s manufacturing offshoring through multiple lenses and tackle the key questions shaping its next phase....
In this report we examine how a variety of momentum strategies perform for different assets using moving average rules ranging from 1 day to 200 days. We find that mean-reversion strategies work best for equities and bonds, while trend-following strategies work best for commodities and, to a lesser ...
This week’s Special Report evaluates the reward and risk in corporate bonds. We address the question of whether low expected excess returns today are justified by low risk or an example of overvaluation....
The Fed is undergoing a regime-change in which the primacy of price stability is displaced by the primacy of ultra-low real rates. This will structurally underpin real assets such as gold, cryptocurrencies, and stocks....
The denizens of GeoMacro strategy have remained bullish into October, despite our gut telling us that the equity rally has overextended itself on a technical basis. On cue, markets ripped our face off with a single missive from the Twitterer-in-Chief. While we scoff at the idea that the President wi...
Broad GenAI adoption and monetization, alongside falling inference costs, should make hyperscalers’ and enterprise investments worthwhile. While the GenAI boom echoes the dot-com era, it differs in key ways: Valuations are elevated but not extreme, and the rally is still underpinned by solid earning...
