Editor's Picks Analysis

Explore how policy-driven reshoring and stockpiling are reshaping real economy costs, market dynamics, and risk across manufacturing, commodities, and credit markets.

Amid sticky rates and geopolitical noise, the market is favoring quality cyclicals with strong balance sheets and policy visibility over duration plays. This shift is driven by a combination of...

Bitcoin and Ether are trading in an environment heavily influenced by policy discussions, particularly around stablecoins, and evolving macro liquidity conditions. Understanding these intertwined...

Amidst noisy data, central banks communicate more than they act. The RBA's recent hike, the PBOC's liquidity management, and the ECB's cautious stance highlight a growing policy divergence that...

New trade policies, exemplified by critical-mineral action plans and border-adjusted price floors, are redrawing the global supply chain, turning industrial policy into a demand guarantee for...

The market is currently underpricing significant risks related to critical minerals, energy infrastructure, and AI funding. These overlooked factors could trigger unexpected market volatility and...

Despite recent spot stabilization, market volatility remains firm, driven by sticky hedging demand and rising event risk. This post analyzes equity, rates, and FX volatility, highlighting the...

Emerging Markets (EM) currently require a confluence of calm USD dynamics and stable commodity prices to thrive. A mixed global policy landscape, coupled with upcoming US data and liquidity...

Commodity markets are currently trading as 'policy assets,' with geopolitical factors like OPEC+ decisions and Ukraine's grid risks profoundly influencing energy and metals prices, creating a...

This analysis delves into the intricate relationship between evolving Federal Reserve leadership, significant Treasury refunding efforts, and their collective influence on US policy, interest...

Europe faces a complex inflation landscape: disinflation is evident, yet the European Central Bank (ECB) remains cautious due to sticky core inflation and geopolitical risks. This piece delves...

The AI revolution is shifting from visionary promises to practical build-outs, making financial strength and strategic funding paramount. Companies capable of financing their aggressive expansion...

A deep dive into how significant corporate bond issuance, evolving mortgage dynamics, and persistent funding costs are reshaping the credit landscape and influencing broader financial markets.

Despite softer demand indicated by a slipping PMI, China's tight policy and strategic stockpiling continue to influence global trade, capital flows, and commodity prices, underscoring policy's...

The oil market is currently a battleground of disciplined supply management by OPEC+ and escalating winter grid stress from geopolitical events. With inventories tight, every minor shock can...

Recent events in Ukraine have starkly highlighted how energy infrastructure has become a direct battleground, rapidly reshaping cross-asset correlations and impacting global markets.

The equity market is undergoing a significant shift, moving from AI euphoria to a re-evaluation of capital costs, particularly for capex-heavy tech. Understanding this re-pricing and its...

Amidst global policy shifts and nuanced central bank actions, the US Dollar is undergoing a quiet pivot, driven by real-rate differentials and selective carry trades, reshaping the landscape for...

Front-end rate repricing, energy risk, and data delays are shaping the global rates landscape, as Europe's disinflation meets hawkish central bank policies. Discover what's driving market movements.

This morning's brief dissects key market movers across rates, FX, commodities, equities, and crypto, highlighting the interplay between Eurozone inflation, US Treasury refunding, and strategic...