MacroJapan
The Contrarian Opportunity in Our Own Backyard
May 2026 Market Report: Japanese Equities We have spent considerable time in recent reports discussing the risks in US equities and the selective opportunities…
4 May 2026
Markets & News
Newsletter Archive
Rigorous market commentary and macro analysis — free to read, always independent.
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MacroEquitiesGeopolitics
What a Triggered Bear Market Will Look Like
The Four Dominoes and the 12Month Roadmap Dear Client, Two weeks ago, we told you a top was forming. Today, we are telling you the trigger sequence is already l…
1 May 2026
ChinaEquitiesMacro
The Quiet Pivot
Triggers for a New China Cycle Dear Client, Something has shifted beneath the surface of China's markets. It is not dramatic. It is not accompanied by fireworks…
20 Apr 2026
MacroUnited States
The Complete Roadmap
How We Navigate the S&P 500 Through the Coming Storm and Into the Next Recovery If there is one thing decades of watching markets have taught us, it is this: th…
10 Apr 2026
MacroJapan
The Rising Sun
How Japan’s Historic Transformation Is Reshaping the Nikkei 225 Just when many global investors had written off Japan as a deflationary relic, the world’s third…
16 Mar 2026
MacroChina
The Phoenix and the Dragon
How PolicyDriven Innovation Is Reshaping the CSI 300 For years, global investors treated China as a market to be tolerated rather than embraced. The narrative w…
11 Mar 2026
MacroEquitiesUnited States
Global Market Roadmap: The Next 12 Months
A Top Is Forming – The Crash Window Is August to November Dear Client, This month's Macro Memo sets out our roadmap for the next twelve months. We believe a mar…
13 Apr 2025