September Market Insights: Through The Looking-Glass
Wall Street’s Red Queen problem “It takes all the running you can do, to keep in the same place.” – The Red Queen; Through the Looking-Glass Download this PDF here. Into the mirror Lewis Carroll’s Through the Looking-Glass imagined a world in which familiar rules ran in reverse. This problem is now increasingly confronting Wall […]
August Market Insights: Beyond The AI Bottleneck
History, sovereignty and the next leg for markets “History is a gallery of pictures in which there are few originals and many copies.” – Alexis de Tocqueville Download this PDF here. Prologue A leadership transition is already underway, but much of the market remains anchored to the last trade. Investors are still crowded into semiconductors, […]
July Market Insights: Trump’s Meta Game, Pax Americana, and the AI Age
A forces‑for‑2027 forecast looking to the end of the decade Download this PDF here. In politics and markets, the decisive contest is often the one being played above the visible struggle. Elections, earnings and summit communiqués are the surface game—the real action lies in the metagame, the contest over rules, incentives and narratives that shape […]
June Market Insights: America at 250
Rebirth, not decline “We have not chosen this time.” – Oswald Spengler Download this PDF here. The rebirth has begun America reaches its 250th anniversary not as a fallen hegemon, but as the dominant centre of global hard power, monetary power, and frontier innovation. It still sits astride the world’s resource base through energy, agriculture, […]
May Market Insights: Mastery and the Terror Premium
How Epic Fury can deliver a peace dividend “Mastery itself was the prize of the venture.” – Daniel Yergin, on Winston Churchill’s 1913 argument Download this PDF here. Mastery of energy, again Winston Churchill, as first lord of the Admiralty, tied Britain’s fate to Persian oil. United States President Donald Trump’s war in Iran, centred […]
April Market Insights: Bretton Woods 2.0, the New Great Game, and Trump
Here begins the Great Game Download this PDF here. U.S. President Donald Trump’s second term is not just another burst of tariff theatre; it is the opening move in a new great game over energy, artificial intelligence (AI), and money. By neutralizing Iran and Venezuela, squeezing Cuba, binding Canada, and courting Russia, Washington is trying […]
March Market Insights: There is no Bronze Medal
AI capex is America’s industrial rearmament “There’s only two cultures that are going to win in the next year. It’s going to be us or China.” – Alex Karp, CEO of Palantir Download this PDF here. “There’s only two cultures that are going to win in the next year. It’s going to be us or […]
February Market Insights: Fortress America and the Colony Next Door
We are living through historic times Justice is only in question between equals; for the strong do what they can, and the weak suffer what they must. – Thucydides, ancient Greek historian Download this PDF here. Historians are likely to regard Donald Trump’s presidency as a pivot—as significant as any in U.S. history comparable to […]
January Market Insights: The 2026 Market Forecast
The baton is being passed “The history of markets is one of overreaction in both directions.” – Peter Bernstein Download this PDF here. When the cycle breaks History does not move in straight lines. Markets ricochet between excess and restraint in violent cycles, a truth American economist Peter Bernstein hammered home and one investors are […]
December Market Insights: 2026 and the King Dollar Revival
Why Trump’s policies will power America’s financial supremacy in a multipolar era “The report of my death was an exaggeration.” – Mark Twain Download this PDF here. Rumours of the U.S. dollar’s decline are as persistent as they are exaggerated. In 2025, one fact stands out: The global U.S. dollar system—“King Dollar”[1]—is not vanishing. The […]