Markets to weather the looming vacuum

by Ben Laidler
Markets face a potential air pocket until Q2 earnings and Fed rate cuts with political and seasonality risks, but with overseas catalysts from ECB rate cut and China reforms and pain-trade cash-on-sidelines supports.  
This will be the last of our Daily Macro Insight reports as we transition to a new role. Thank you for your readership and support over the past three years!
Read more

The sugar and palladium commodity laggards

by Ben Laidler
Both have sat out the broadening commodity rally but have glimmers of hope, as low sugar prices and higher biofuel mandates stimulate demand and slowing EV adoption and higher platinum prices take some pressure off palladium's terminal decline.
Read more

Ethereum ETF approval nice but not needed

by Ben Laidler
SEC to decide on a long-shot approval of an Ethereum ETF that would be a big catalyst for the world's youngest and smallest asset class in the largest investment market, but even a pathway to eventual approval is likely enough.
Read more

Why an NVIDIA miss isn’t the end-of-the-world

by Ben Laidler
The AI giant's earnings have become a macro event in its significance. Another beat-and-raise is expected but a miss is ultimately inevitable and not terminal, accelerating the market broadening and a little reallocation going a long way elsewhere.
Read more
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Markets to weather the looming vacuum

by Ben Laidler
Markets face a potential air pocket until Q2 earnings and Fed rate cuts with political and seasonality risks, but with overseas catalysts from ECB rate cut and China reforms and pain-trade cash-on-sidelines supports.  
This will be the last of our Daily Macro Insight reports as we transition to a new role. Thank you for your readership and support over the past three years!
Read more

The sugar and palladium commodity laggards

by Ben Laidler
Both have sat out the broadening commodity rally but have glimmers of hope, as low sugar prices and higher biofuel mandates stimulate demand and slowing EV adoption and higher platinum prices take some pressure off palladium's terminal decline.
Read more

Ethereum ETF approval nice but not needed

by Ben Laidler
SEC to decide on a long-shot approval of an Ethereum ETF that would be a big catalyst for the world's youngest and smallest asset class in the largest investment market, but even a pathway to eventual approval is likely enough.
Read more

Why an NVIDIA miss isn’t the end-of-the-world

by Ben Laidler
The AI giant's earnings have become a macro event in its significance. Another beat-and-raise is expected but a miss is ultimately inevitable and not terminal, accelerating the market broadening and a little reallocation going a long way elsewhere.
Read more

Retail investors beat the Whales in Q1

by Ben Laidler
The latest 13F 'whale' investor holdings are a fertile ground for new ideas and show some rotation away from big tech stocks to small caps, insurers, and China. But retail investors Q1 top picks are up 50% vs Whale's -4% so far.
Read more