Port of los Angeles data for next three weeks: inward Container Ship Traffic. Issued on 05.11.2025 The big recovery in weeks out has gone. We are looking at a 20% to 25% decline in container ship arrivals. That equates to a “stop” of Chinese inward container traffic to LA... Read More

Wealth Preservation Portfolio - Weekly Update - 05.07.2025 The markets are priced for a normalisation of global trade. I do not believe this will happen. The conversation between China and the US will not lead us back to normal trade. Tariffs will settle at 20% on average... Read More

Movie Tariffs and the dangerous precedent of putting tariffs on services. Read More

Taiwan & HK: Butterfly Wings & Chaos? Investment Conclusion. The Taiwanese dollar (TWD) and the Hong Kong dollar (HKD) are under upward pressure. There are idiosyncratic reasons for this delved into below. But the real culprit is the fall of confidence in the... Read More

An in-depth discussion of Trump policies on Tariffs and Alliances. Mark Nicholsen, Barry Woods, Peter Lewis and David Roche discuss: has uncertainty peaked? Why no damage yet to US economy? The delay factor inherent in disruption to supply chains. The future of the US$ safe have... Read More

China: No Pushover! Investment Conclusion I would not be in any hurry to participate in the current market rally in equities, bonds or the US$. The US equity market today tells us the world is only 9% worse off than when President Trump took office and as... Read More

China Spokesperson Statement on US Tariff Talks This is the statement (translated) this morning" “China has noted the repeated statements from senior US officials expressing a willingness to negotiate with China on tariff issues. At the same time, the US side has r... Read More

Why the US war on trade is fatal for US$ role as reserve currency and US Exceptionalism. What does this mean for US stocks & Treasuries? Read More

A great discussion on the power struggle between the US & China. Why China has escalation dominance. What it means for US assets, The European angle in new alliances with China? Read More

Great Waves Look Over Others Coming In. Investment Conclusion Stick to the conservative asset allocation in the Wealth Preservation Portfolio at the end of this note. President Trump’s postponement of reciprocal tariffs and conciliatory texts about China do not indic... Read More