31 July 2026
The Federal Reserve did not raise interest rates this week. The bond market tightened policy anyway.
The Federal Open Market Committee left the federal funds rate…
30 July 2026
Microsoft’s recent results have reignited an important debate among investors: does the company’s aggressive artificial intelligence investment represent exceptional long-term vision, or excessive capital allocation?
The question matters…
28 July 2026
Climate change is no longer a distant environmental concern; it has become a material macroeconomic risk that is eroding fiscal resilience and destroying billions of dollars of…
27 July 2026
A busy week for markets lies ahead, with key central bank meetings including the Fed (Wed), BoE (Thu) and BoJ (Fri). We also have the release of…
24 July 2026
For most of the past two years, investors have treated the US bond market as an extension of Federal Reserve policy. Inflation would fall, growth would slow,…
23 July 2026
Alphabet has just delivered the paradox defining this AI cycle: exceptional growth alongside a near $6 billion free cash flow deficit for the quarter.
22 July 2026
Chile’s lower house has approved President José Antonio Kast’s sweeping Law for National Reconstruction and Economic and Social Development, advancing the package to a joint congressional committee.…
Congratulations to Spain on a spectacular triumph at the 2026 FIFA World Cup, securing their second world title with a 1–0 extra-time victory over Argentina. Across eight matches in…
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This week’s focus will be on Andy Burnham’s swearing-in as UK Prime Minister (Mon), the ECB’s policy decision (Wed), and US corporate earnings from the likes of Alphabet and…
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Spain and Argentina meet in Sunday’s World Cup final. Football supporters will focus on tactics, temperament and history. Bond investors might ask a different question: which country has built…
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