Research

Research.

Market Insights, weekly and monthly, and single-name equity research. Everything is dated and nothing is edited after the fact.

Markets

7 September 2025 · 7 min read

Labour Markets Slowly Deteriorate as Inflation Buoys - week ending 07/09/2025

Equities digested a mixed macro tape but finished the week with a mild risk-on tone at the index level. SPY eked out +0.3%, while QQQ and IWM outperformed (+1.0% and +1.1%), with DIA slipping −0.2%.

Markets

6 July 2025 · 8 min read

Markets at Extremes as we Enter Trade News Week - week ending 06/07/2025

U.S. equity markets extended their bullish streak through the shortened holiday week, with strong breadth and firm price action across all major indices.

Markets

29 June 2025 · 2 min read

Markets Hit All Time Highs, Again - week ending 29/06/2025

Equity markets posted strong, broad-based gains this week, in spite of hotter-than-expected macroeconomic prints and dovish signals from Federal Reserve officials.

Markets

22 June 2025 · 3 min read

Market Pricing Stagflation as Tensions Escalate - week ending 22/06/2025

Markets retrenched over the past week, reversing a multi-week stretch of relative strength as a mix of soft macro data, hawkish central bank signalling, and rising geopolitical tensions weighed on sentiment.

Markets

15 June 2025 · 3 min read

Geopolitics Trump Inflation - week ending 15/06/2025

Markets came under pressure this week, as geopolitical tensions in the Middle East collided with another round of inflation data, denting the calm that had prevailed since mid-May.

Markets

18 May 2025 · 3 min read

Squeezed Higher, Positioned Tighter - week ending 18/05/2025

Markets extended their May rally with conviction this week, powered by a combination of tariff de-escalation, tamer inflation.

Markets

27 April 2025 · 2 min read

Short Covering or Structural Turn? - week ending 27/04/2025

Markets staged a powerful rebound this week, driven by a broad-based risk-on shift as investor sentiment improved.

Markets

13 April 2025 · 2 min read

Tariff Freezes Buoy Markets - week ending 13/04/2025

Markets delivered a powerful rebound this week, reversing a multi-week selloff as softer inflation data, a pause in tariff escalation, and deeply oversold conditions.

Markets

28 March 2025 · 2 min read

Market Relief Bounce is Sold - week ending 28/03/2025

Markets kicked off the week with a burst of optimism, but by Friday, that bounce had fully reversed into a broad-based selloff.