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Davos.
Davos.

Markets are pressured by an unusual mix of geopolitics and bond market stress, as renewed US-Europe tensions over Greenland collided with a sharp sell-off in …

January 21, 2026

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The Tariff Hit
The Tariff Hit

Europe kicked off the week in a foul mood. With Wall Street closed, markets were left to stare at themselves in the mirror and ask …

January 20, 2026

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Act 3: Greenland
Act 3: Greenland

Something unusual has been happening over the past few weeks: I am losing my words. Not because there is nothing to say, but because the …

January 19, 2026

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Revisiting the AI trade
Revisiting the AI trade

Happy Friday, everyone. AI optimism was driving the markets yesterday – after strong results from TSMC, but markets are entering a more demanding phase. Last …

January 16, 2026

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Who feels the heat?
Who feels the heat?

US crude tumbled nearly 3% this morning, silver fell 5%, and gold barely budged — a relief after Iran reportedly deescalate tensions and the US …

January 15, 2026

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Politics, geopolitics at the heart of price action
Politics, geopolitics at the heart of price action

US stocks are consolidating near record highs, but the calm from softer inflation data is proving short-lived. While US CPI came in largely as expected …

January 14, 2026

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