The conflict between Iran and Israel continues. There will be ample time to update our views on the specifics of the kinetic action. Thus far, Iranian retaliation has been confined to Israel, which according to our hierarchy of potential responses, is the least market relevant....
In this FX note, we provide a rationale for why it is important to pay attention to technical indicators, while still keeping your eyeball on the structural factors that drive currencies. This report answers the following questions: 1. Should you buy or sell the USD over a three-to-six month period ...
An intriguing dichotomy is emerging in how the US government has responded to Israel’s attack against Iran. First, following the attack, Secretary of State Marco Rubio issued a terse statement denying US involvement....
Investors should hold gold, build up some cash, tactically overweight US equities relative to global, and prepare for at least minor oil supply shocks – possibly major shocks – as the Israel-Iran war escalates....
Israel has taken unilateral action against Iran on June 12. According to the media reports, the following are the key developments: Israel has attacked multiple targets across Iran, including in the capital Tehran. Israeli Prime Minister Benjamin Netanyahu has stated that the Operation Rising Lion w...
Provided that humanity can overcome the existential risks posed by AI, real incomes will rise. Although most workers will ultimately gain from the transition to an AI-dominated economy, the biggest winners will be those who control the land and the natural resources beneath it....
The perfectly synchronised moves in US, Japanese, German, and UK 30-year bond yields through the past two months are odd… and irrational. These irrational moves present compelling investment opportunities....
The London Sino-US trade talks offered hope of de-escalation, but Chinese equities remain under pressure from deflationary headwinds and lack a clear macro catalyst to trend higher....
While we anticipate higher inflation in June, it looks increasingly likely that the price impact from tariffs will be less aggressive and long-lasting than many feared....
