As we expected, Trump announced a 90-day pause on most reciprocal tariffs excluding China, which caused the S&P 500 to jump almost 10% in a single day. However, uncertainty around tariffs remains, and fears of a trade war with China. Unless supported by positive news, markets are likely to drift lower. Unexpectedly, US treasuries saw a significant sell off at a time when investors usually look to the asset class as a safe haven. Given the size of this market and its systemic implications, adverse developments here could be very problematic.
- April 14, 2025
Weekly Newsletter – 11th April , 2025
- July 28, 2026
Weekly Newsletter – 24th July, 2026
Markets closed a volatile week lower as oil, inflation fears, and mega-cap tech earnings collided. Brent crude swung…
- July 20, 2026
Weekly Newsletter – 17th July, 2026
Oil spiked 10-14% as US-Iran strikes intensified Hormuz tensions, while soft CPI/PPI data eased Treasury yields but left…
- July 13, 2026
Weekly Newsletter – 10th July, 2026
Geopolitics dictated market tone last week as Hormuz-linked oil volatility, a hawkish Fed tilt, and rising yields tested…