News and Analysis

CATALYST: It’s a big summer of sports, from the Olympics to Euro 2024 football. This is a key potential catalyst to end the post-pandemic performance hangover for our basket of...

Major developments for the week: Dash and Ethereum Classic approach their halving dates Hong Kong BTC & ETH ETFs now hold $250.34M & $48.53M Aave released 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...

Every year, investors gather in Omaha to attend the Berkshire Hathaway (BKR.B) annual shareholders meeting, eager to soak in the wisdom of Warren Buffett and gain insights into...

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...

Major developments for the week: Hong Kong BTC & ETH spot ETFs to begin trading today Brazilian Nubank app now allows Bitcoin transactions for customers BTC ETF...

RISES: Our proprietary Breakfast commodity price index has surged by 54% in the past year. As weather-driven supply disruptions have spread, driving cocoa, OJ, and coffee prices...