REORGANISATION: Some of the largest tech and consumer stocks will be changing sectors in a big GICS reorganisation of global equity sectors. This happens at the close of Friday,...

AIRLINES: They are usually considered some of the riskiest stocks. With a miserable long term performance record. Virgin Atlantic founder Richard Branson is quoted saying the...

COMEBACK: Bonds are world’s biggest traded asset class, at c$130 trillion, and one of its most liquid. They fell sharply out of investor favour last year. Many saw worst ever...

VIEW: Markets saw a February reality check after wrong-footing investors with the big January rally. Sticky US inflation and resilient economies pushed back peak Fed expectations...

PRICES: Lithium prices are off their highs (see chart). This is stoking fears on electric vehicle demand in China, its biggest market, as it reopens and EV subsidies are cut....

RETAIL: Q4 company earnings season is coming to an end. This shifts investor attention to the upcoming annual general meeting proxy voting season. This will likely be focused on...

DEFENCE: Geopolitical risks have returned. With the first anniversary of the Ukraine invasion, Russia withdrawing from the START nuclear deal, and Chinese balloons over the US....

LONG HAUL: The China and HK stock rally has come off the boil. This is unsurprising after the dramatic c.60% October-January reopening rally, with local stocks now the ‘most...

HIGH-FOR-LONGER: European natural gas prices have plunged 85% since the summer. They are back to parity with Brent oil equivalent prices (see chart). This has delivered huge...

EBBING: Very depressed investor sentiment has been an important contrarian support to equity markets. It has added fuel to the turn up in the fundamentals and resulting sharp...