Escalation in the Middle East and Markets
The United States and Israel launched airstrikes in Iran, marking an escalation that heightens global geopolitical tensions. Brent crude and gold moved higher following the attacks. While the conflict could increase short-term volatility, the current consensus is that there will be no prolonged disruption to global energy supply. Markets will remain focused on the Strait […]
Markets Navigate Policy and Growth Signals
Week of February 23–27 Markets are balancing solid earnings, evolving trade policy, and diverging inflation trends across regions. While growth remains resilient in some economies, policy uncertainty and valuation levels continue to guide investor positioning. United States The Supreme Court struck down “emergency” tariffs due to lack of Congressional approval. The Administration introduced a new […]
Growth cools; inflation persists
The U.S. economy grew at a 1.4% annualized rate in the fourth quarter of 2025, below expectations, as the government shutdown weighed on spending and exports. For the full year, growth came in at 2.2%, down from 2.8% in 2024. Meanwhile, core inflation rose to 3% year over year in December, remaining above the Federal […]
Moderate Growth and Mixed Signals
Week of February 16–20 The week brought signs of slowing growth in the U.S., persistent inflation pressures in Europe, and ongoing adjustments across Asia and Latin America. Markets remain focused on inflation, interest rates, and geopolitical risks. United States Q4 2025 GDP grew 1.4%, below expectations, impacted by the government shutdown. The Fed maintained a […]
A Practical Taxonomy of Alternative Investments
Understanding the Diversity of Alternatives: From Real Estate to Crypto One of the most common questions I get from new team members or family principals is deceptively simple: “What exactly do you mean by alternatives?” It’s a fair question. “Alts” is a broad label that covers everything from core real estate to crypto tokens. But […]
Weekly global macro outlook
February 9–13 The global economy continues to show moderate growth, with inflation easing in developed markets while emerging markets face more persistent pressures. Central banks remain focused on stability and monitoring macro risks. United StatesEmployment surprised to the upside and inflation continues to moderate, giving the Fed room to keep rates steady. Corporate earnings remain […]
The Fed Enters a New Phase
The nomination of Kevin Warsh as the next Chair of the Federal Reserve marks an inflection point for U.S. monetary policy. While he has recently signaled a more pro–lower rates stance, his track record points to a pragmatic, data-dependent approach. Economic context With a softening labor market, inflation still above target, and a politically sensitive […]
Mixed signals in employment, inflation, and global activity
Week of February 2 – 6 The week delivered mixed signals: strong corporate earnings resilience in the U.S., moderating inflation in Europe, and some slowdown across parts of LatAm, while Asia shows early signs of stabilization in industrial activity. United States Private job growth slowed, but manufacturing and services remain resilient. Earnings season remains strong, […]
Is Bitcoin the Future? A Critical View
Although Bitcoin was pioneering and revolutionary, its role as the foundation of a global financial system reveals key limitations that merit careful consideration. Structural limitations Bitcoin by its nature is limited to only 21 million coins. If we were able to mine them faster (quantum computing, I’m looking at you) or we run out (2150’s […]
Global outlook: inflation, growth, and trade
Week of January 26 to 30 Global markets reflect a balance between solid growth in developed economies, persistent inflationary pressures in certain sectors, and ongoing monetary policy adjustments in emerging markets. United States The Fed kept rates at 3.5%–3.75% amid solid growth and stable employment. PPI rose 0.5% month on month, and the trade deficit widened in November, potentially weighing […]
