Echoing the old adage that innovation is often overestimated in the short-term but under-estimated in the long run, US tech stocks lost momentum this week amid concerns of an emerging AI bubble. A recent MIT study found that only 5% of companies are currently generating...

Stocks around the world rose last week as a risk-on mood took hold. Equities touched new heights at the global level, in the US and in China. In the US, it was an eleventh-hour extension of the US-Sino trade truce and a better-than-expected CPI report...

In last week’s newsletter, we wrote about how the copper market was upended by an abrupt change to the practicalities of how tariffs would be applied. This week, it was gold that was whiplashed by such changes, proving that when it comes to tariffs, the...

  After rising towards new all-time highs at the start of last week, US equity markets closed in the red, with the S&P 500 experiencing its largest drop since May (-2.4%), and the Dow its worst week since April (-2.9%). The Russell 2000 which includes...

President Trump appears to be achieving his key objectives on trade. Several major trading partners have acquiesced to tariffs while agreeing to enhance market access for US firms. Financial markets, which were initially unsettled by the overhaul of global trade, seem to have adjusted to...