RATES: The shipping industry moves 90% of global trade, making it a real-time barometer. Both dry bulk and container shipping rates have plunged from their pandemic highs (see...

HOUSING: The US housing market has seen soaring mortgage rates (see chart) and falling home prices. Yet homebuilder stocks have been some of the best stock performers this year....

KOREA: South Korea is the world’s 12th largest economy and one of its economic ‘miracles’. Tripling in size the last 20 years and taking GDP/head to $33,000. This is more than...

The two-year US debt ceiling deal is positive, but reaction likely muted as most markets never sold off and the deal has some modest negative bond market and economic growth...

APPLE: World’ largest market cap stock has its World Developers Conference next week, June 5-9. It is potentially set to launch its long-awaited AR/VR headset, in its biggest...

SUMMER: Our outlook for harder won but still positive returns remain in place as we enter the peak summer. This typically see’s lower stock market returns and volumes, with June...

TECH: Big-tech stocks have driven all before them this year. The NASDAQ is up 24% and S&P 500 10%. Whilst the equal-weight S&P 500 index and closely followed, but...

BONDS: US government two- and three-year bond yields are now at quadruple their post global financial crisis average and well above the long-term average (see chart). Bonds are...

WORRY: Angst over the UK’s lagging economic performance and its weakening place in the global capital markets is running high. But capital markets are not economies, and UK assets...

COMPLACENT: The US government’s ‘checking account’ is approaching critical levels (see chart). A deal to raise the $31.4 trillion debt ceiling is needed soon. It will ultimately...