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Michael Kramer
The Ultimate Game of Risk: Trump Vs. the Market   By Michael Kramer - 16 hours ago

We see markets probe all the time, and right now, it seems we’re in a probing mood, searching for that “put” where a policymaker panics. As of Friday, however, it was falling on deaf ears—and Powell...

Gary Tanashian
Gold Miners May Outperform Equities in a Deflationary Twist By Gary Tanashian - 15 hours ago

As Inflation Bugs sell indiscriminately, the gold mining Macrocosm (of proper macro-fundamentals) is engaged A man sits in the White house. A different kind of man. A man who does not like diplomacy...

Michael Kramer
Market's Relief Rally Attempt Hinges on Powell, Jobs Data By Michael Kramer - Apr 04, 2025

As I’ve mentioned, the assumptions behind S&P 500 earnings estimates were too optimistic, and valuations made this one of the most expensive markets in a generation. So, we’ll see where things...

Charles-Henry Monchau
Rise in National Capitalism Could Erode Trust in Open Markets By Charles-Henry Monchau - Apr 05, 2025

As global trust in open markets erodes, national capitalism is emerging as a new strategy where states reclaim control over production, trade, and security to serve sovereign interests. Redrawing the...

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