The first half of 2026 validated many of the dominant market narratives entering the year — resilient growth, AI-driven investment, and supportive fiscal policy. Yet beneath strong markets, the environment has become increasingly complex, shaped by persistent inflation, elevated deficits, concentration risk, and growing debate around monetary policy, fiscal dominance, and the sustainability of the current AI and liquidity-driven cycle.

Investment Axioms: MacroEco Conditions | Corporate Fundamentals | Technical and Behavioral Analysis

INSIDE Highlights and Summary MacroEco Data Highlights MacroEco Data Timing the Bank of Japan (BOJ) and the European Central Bank (ECB) pivots; the People’s Bank of China (PBOC) stimulus Last Monday night in the Western hemisphere (Tuesday morning in Japan), the BOJ kept its short-term rate at -0.1% and the target for the 10-year Japanese Government Bond (JGB) yield at 0.0% with an upper bound of 1.0%. Interestingly, BOJ Governor Ueda made a few surprising comments that sugge

Market Pulse: Macro/Market Updates

Global Macro/Markets Notes to make sense of short-term financial markets movements in the context of hard data, facts, and reason.

The independence of the Central Bank is crucial to ensuring economic stability and predictability of a country's monetary policy.

This article summarizes the 1Q2023 positioning for "Global Beta Series" investment strategy

Skeptical; the devil is in the details… Week #33 is here and with it, another edition of the Global Macro/Markets Notes. As you know,...

Welcome to another edition of our quarterly “Navigating Global Capital Markets”. As we enter Q3 of 2022, heavy losses have accumulated in...

After two years of ultra-low interest rates, more than ten years of above-average bond returns and over twenty five years since the last...