News and Analysis

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...

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...