SHOPPING: Consumers have been the key to the economic resilience of the US. With labour markets strong, falling inflation, resilient housing and stock market prices, and not all...

LIVESTOCK: Live cattle (beef) and lean hogs (pork) prices are up double digits this year. Alongside the rally in smaller ‘breakfast’ commodities and in contrast to the 10% fall in...

LUXURY: It has strongly outperformed this year, with its valuations rerating on a combination of resilient consumer demand and strong pricing power. It also benefits from a...

INTERVENTION: Currency interventions are back in fashion from Japan to China and Switzerland. They are a part of the policy toolkit, but the chance of success varies widely. All...

BREATHER: We see cooler returns as Q3 starts. As markets digest big gains and prep for a strong finish to the year. Summer seasonality is weaker, volatility low, and the growth...

SEASON: El Niño weather conditions are expected to strengthen into the winter. This typically brings widespread weather and agricultural commodities disruption. But one silver...

VOLATILITY: Equity volatility has plunged to a post-covid low on both sides of the Atlantic. The VIX ‘fear gauge’ is down near 40% this year, well under its own long term average...

ON OWN: Crypto surged again, with Bitcoin (BTC) back to $30,000 and up 80% this year. Bitcoin led as the SEC crackdown on altcoin ‘securities’ drove a performance wedge through...

There are few areas of technology that are as exciting — and more disruptive — than Web3. Still in its infancy today, Web3 looks set to have a huge impact on both the global...

NATGAS: Prices on both sides of the Atlantic have shown signs of life after their dramatic plunges this year. It’s a timely reminder that natgas is amongst the most volatile...