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
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?
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
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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Takaichi rally lifts Japanese stocks, US futures hesitate
Japanese stocks are basking in what markets have already dubbed the “Takaichi rally,” as reports that PM Sanae Takaichi may call a snap election lift …
January 13, 2026
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Underneath the surface
The year is off at full throttle, with data, politics and geopolitics all colliding. Oil grabbed the headlines last week, swinging on the U.S. capture …
January 12, 2026
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