Five Regimes, One Reaction Function- What the Dollar and G10 Have Traded on in 2026
The dollar traded one macro factor all year with an unchanged sensitivity; though underlying drivers shifted In G10, four currencies traded beyond...
113 Views
Best Ideas of 2025
The range of ideas is broad. The smallest market cap is a $15MM Canadian micro-cap that is trading below its net cash, and the largest is an $25BN...
599 Views
US: No More Rate Cuts Likely from the Powell Fed; More Dovish FOMC by Q2 2026
FOMC cut by 25bp, but wants to bring inflation back to 2% target. No-QT amounts to easing, precluding rate cuts until Jan'26, with next cut...
610 Views
Assessing Trump’s Shock and Awe Move in Apr 2025
This report presents a contrarian view to the doom and gloom view of the global economy as trade tensions escalate between the US and China
893 Views
EM by EM #43: Rand’s Reckoning?
Just as the markets were speculating about which spring month would see the first Fed rate cut of the cycle, a surprisingly high CPI report from...
448 Views