WHALES: The 13F first quarter portfolio updates of the highest profile US fund managers, from Warren Buffett to Stanley Druckenmiller, gives insight into their thinking and is...

RALLY: The commodity comeback is broadening. With depressed heavyweights from natural gas to wheat now following ‘Dr. Copper’s’ strong lead higher. These big three of energy, ag,...

MEME: The faded loss-making consumer-focused meme stocks of 2021, from GameStop (GME) to AMC Entertainment (AMC), are rallying again. We see some similarities with the 2021 surge...

MARKET: US stocks are closing in again on new all-time highs. As Q1 earnings season has validated the slowly broadening earnings recovery. Whilst the Fed has kept the door open to...

TRADE: Container and Bulk shipping rates are a fraction of pandemic shock levels but also well above their lows. The shipping industry moves 90% of global trade, making it a...

CARBON: The EU’s carbon price, the world’s largest system, has rallied 40% from its recent low, one of the strongest moves across commodities. As the ‘perfect storm’ of weak...

Q1: Improving earnings is the main driver of this nascent bull market. We are optimistic as we enter the final stretch of earnings season. The three US tech sectors have...

PILLAR: Fed chair Powell kept the door open to US interest rate cuts this year. Less, and later, but still coming (see chart). And this is a key second pillar, alongside stronger...

SECTOR: The global listed auto industry is the most divided of any we have seen. From Tesla’s (TSLA) still-giant $800 billion market cap and 70x price earnings valuation, to...

SPENDING: Defence spending is set to structurally rise around the world with the new normal of geopolitical tension and end of the multi-decade peace dividend. The US passed $95...