ON OWN: Crypto surged again, with Bitcoin (BTC) back to $30,000 and up 80% this year. Bitcoin led as the SEC crackdown on altcoin ‘securities’ drove a performance wedge through...

Summary DIY investors more important than ever Our global survey shows DIY investors leaning against bull market narrative, in their latest contrarian move, as recession fears...

Summary Bears capitulation stokes the rally Positive fundamentals drove this year’s rally, but very poor investor sentiment has also been important. We are now in a positive...

NATGAS: Prices on both sides of the Atlantic have shown signs of life after their dramatic plunges this year. It’s a timely reminder that natgas is amongst the most volatile...

REBOUND: With the peak summer holiday season well underway the so-called BEACH travel and tourism stocks are doing very well. Our global and European leisure stock baskets of...

FEARS: The developed world’s highest headline inflation. Still rising core inflation. 19% food price rises. 12 central bank rate hikes. And investors aggressively pricing four...

SPIRITS: Equity animal spirits are reawakening after 18 months of hibernation. The S&P 500 is in bull market territory. Market volatility low. Tech stock leadership is...

Summary Europe the macro and market 2023 surprise Now lower inflation, stronger earnings growth, and 30% lower valuations than the US. But also is riskier, more cyclical, and...

LEADING: Japan is the best performing major stock market this year, up 23% in US dollar terms, doubling from its pandemic low, and closing in on the all-time-high from 1989 when...

IMPACT: Commodities has been the worst performing asset class this year, after leading up for the prior two years. The 24-member Bloomberg commodities index (DJP) is down near...