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
- September 22, 2026
Weekly Newsletter – 18th September, 2026
A Middle East escalation reshapes rate paths as the Fed, BoE, and BoJ all tighten amid oil-supply fears.…
- September 16, 2026
Weekly Newsletter – 11th September, 2026
Markets confront a synchronized hawkish turn: the Fed, ECB and BOJ are all tightening together for the first…
- September 7, 2026
Weekly Newsletter – 4th September, 2026
Markets shifted focus from earnings to macro as a blow‑out August jobs report (162k payrolls; 4.1% unemployment) lifted…