Reports Library
Showing All Results
King Canute and the Bond Market
King Canute and the Bond MarketInvestment Conclusion The US Treasury is increasing purchases of long-term Treasuries. The stated objective is to improve liquidity. Nobody is fooled. The aim is to control and lower long term US Treasury yields. The policy is ill advised. It won’t …
The X-Disruptions: A Mid-2026 Scorecard
We called eight "X-Disruptions" back in December 2025, so six months on, we graded our own homework. The verdict: Fed independence, BoJ/Yen stress, and Europe's defense build-out landed with striking precision, while our bearish equity call missed, but only on US/US-AI names, e…
The Gormless Eejit!
The Gormless Eejit! Investment Conclusion Can equities continue to rise while US bonds and the US$ to fall? I got this wrong so far. This note looks at the economic logic of this divorce. It could continue if disruption is over. But that’s unlikely. The wider economi…
Anatomy of Exceptionalism
US Exceptionalism is the investor conviction that “things can’t go wrong in the US of America” for you or your money. Like Frankenstein, “Exceptionalism” is half man, and half beast, half economic reality and half perception - laced with large dollops of hope. The markets ca…
Europe - Plenty Of Firepower
This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.
US - Consumer Shock
This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.
US - Is A Fed Cut A Panacea Update
This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.
Global - The Equity Rally [1]
This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.
Global - Strategy Shifts Ahoy
This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.