Media Center

04 March 2025 Differences of opinion between market participants are often (not always) a matter of time horizon. From our perch,...

The way price responded to China’s NDRC Press Conference today raised two key observations about recent developments. First, the rally...

As we warned earlier this week,  never underestimate the Fed’s ability to out-dove the market. The FOMC delivered a 50-basis point cut to...

Last week we suggested that US markets were priced for the optimal combination of disinflation, aggressive Fed easing, growth near trend,...

The past two months over the northern hemisphere summer have been extraordinary for markets. The euphoria of the AI boom contributed to...

It is an understatement to say that the price action over the past week has been impulsive, rapid, and emotional (chart 1). There is an...

To outperform the crowd, you must dare to be different. Put another way, the best investments are typically made from a position of deep...

It is important to remember that currencies are always a relative price. Interest rates, growth, inflation, and external positions are...

Human beings are not particularly good at non-linear thinking - an observation we have made in the past. From our perch, a key reason why...

Enter the Dragon & the Third Element This year we enter the Zodiac year of the Dragon. Let’s hope it is a lot more auspicious than the...