I see the initial reaction of markets to the Trump victory as misplaced. Not that I thought KH was any good. But I do see high economic costs in Trump policies if implemented. I expect these to cause a bear market in most assets in 2025. Taiwan is my favourite short and the USD m... Read More

There will be a bear market in the next 12 months. The DNA of the bear market is writ large: the inevitable war on Iran’s nuclear weapons capabilities; Russia and Ukraine again becoming economically relevant to markets; unrequited market expectations for growt... Read More

Harris did better in the debate. But the election is too close to call. Here are the consequences of a Trump or Harris victory Read More

Recession is the new cloud in the blue sky over markets. The markets now know the colour of fear. Recession is not for now. But fear is. Here's why! Read More

This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch. Read More

It is confirmed that Joe Biden has withdrawn his candidacy for the Presidency. He endorses Kamala Harris as his successor. This choice is likely to be endorsed by the Democratic Party. Report follows. Read More