When AI Gets a Wallet
Agentic commerce could change who controls discovery, payment and customer trust. The investment question is who owns the permission to act.
Insights / Weekly Newsletter
Weekly Newsletter
Our market letters, filed by the date they were sent. Start with the latest issue or browse the archive by year and topic.
115 published issues
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202611 issues
The Space Economy Needs a Business Model
Launches and satellites create the infrastructure; recurring customers and durable margins determine the investment outcome.
The Physical Economy Behind AI
Data centres make AI a power, cooling and construction story as well as a software story.
AI Moves Up the Value Chain
Hardware builds the capacity; software and internet businesses must show that AI changes what customers pay for.
Two Questions for Long-Term Investors
A short issue on the durability of AI profits and the conditions under which US debt becomes a market problem.
The Hidden AI Trade Beyond Chips
For the last two years, the AI narrative has largely revolved around semiconductors. NVIDIA (NASDAQ: NVDA) became the face of the AI infrastructure boom. Hyperscalers poured hundreds of…
AI vs Jobs: Who Really Wins?
The dominant narrative around artificial intelligence (AI) has been straightforward and alarming: Machines are coming for human jobs. From automated customer service to AI-generated code, the…
What If the Real AI Trade Was Never Tech?
For more than a decade, equity markets have been dominated by growth stocks, particularly technology and platform businesses driven by digital transformation. The rise of artificial…
AI’s Power Surge, Construction’s Stall
Two powerful forces are reshaping the U.S. economy in 2026.
Software Investing in 2026
Software investing going into 2026 is no longer about chasing the loudest growth story. It is about identifying durable value creators that can survive tighter budgets, longer deal scrutiny…
Is Copper About to Shock the Market Again?
Copper has quietly become one of the most important strategic commodities of this decade. It sits at the center of electrification, renewable energy, electric vehicles, AI-driven data centers…
202517 issues
2026: Will it be a Defining Year for Equity Markets?
Over the last few years, markets have absorbed inflation shocks, aggressive rate hikes, geopolitical stress, trade tensions, and the explosive rise of AI; yet the S&P 500 has remained…
What the Stock Market Taught Investors in 2025
The past year was anything but ordinary. Trade wars returned, artificial intelligence surged at unprecedented scale, governments ran ever-larger deficits, and faith in institutions was…
Trends Shaping the 2026 Market Outlook
As the year progresses, investors find themselves juggling conflicting signals: softening U.S. data, renewed strength in global manufacturing, high expectations embedded in AI-related…
The AI Trade Is Broadening: Stocks to Watch
The latest earnings season has triggered another major upgrade in expectations for AI capital expenditure. After multiple quarters of upward revisions, the AI hyperscalers — Amazon (AMZN)…
AI-Driven Electricity Boom Investors Must Prepare For
Global electricity markets are entering a profound and long-lasting expansion phase. But unlike previous cycles driven by heavy manufacturing or industrialization, today’s surge is being…
China’s $70 Billion AI Data-Center Boom
China is quietly engineering one of the biggest infrastructure expansions in its history: A nationwide push to build the digital backbone for artificial intelligence.
Key Takeaways from America’s New Auto-Tech Boom
Earnings have been coming in fast and heavy past few weeks from the biggest names in U.S. autos and industrial tech: Tesla (TSLA), General Motors (GM), Ford (F), Visteon (VC), Gentex (GNTX)…
Is Wall Street Running on Results or Rumors?
Equity markets continue to defy gravity. Global indices hover near record highs, AI investment keeps accelerating, and the biggest U.S. technology companies together now represent nearly a…
Why the World Is Outpacing Wall Street?
For more than a decade, international equities have played second fiddle to the United States, home to the Magnificent 7 and the most powerful technology ecosystem in history. The dominance of…
The Fast Lane and the Slow Burn of Global Investing
The semiconductor sector has been the backbone of the AI trade since late 2022. The explosion of generative AI and large language models (LLMs) created insatiable demand for GPUs, AI…
Stablecoins: The Quiet Revolution in Global Finance
Money has always evolved alongside technology. From the first coins to paper notes, from credit cards to mobile wallets, each leap reflected society’s pursuit of faster, safer, and more…
U.S. Energy System Is Changing: What Investors Need to Know
The U.S. energy system is undergoing a strategic realignment. Policy changes, surging power demand from artificial intelligence, and maturing shale production are collectively reshaping the…
Why the eCommerce Growth Story Isn’t Over Yet
The global eCommerce industry has matured meaningfully over the past five years. Gone are the pandemic-era days of double-digit annual growth, but this isn’t the end of the story. In fact, as…
Where Smart Investors See India’s Next Growth Wave
If you had to bet on a single factor that could add an extra percentage point to India’s economic growth over the next decade, what would it be? Infrastructure? Artificial intelligence?…
U.S. Market Stumbles: Is It Time to Look Abroad?
The global financial markets have had a dramatic and unpredictable start to 2025. What began as a promising year for U.S. markets and technology stocks has quickly turned into a complex and…
Will DeepSeek Make China the AI Superpower of the Future?
Over the past decade, China has firmly established itself as a technological powerhouse, investing heavily in artificial intelligence (AI) and machine learning. With rapid advancements in AI…
The Game Changers in U.S. Online Sports Betting
The U.S. online sports betting (OSB) and iGaming markets are on fire—dynamic, fiercely competitive, and expanding at breakneck speed.
20244 issues
Powering Up U.S.: The Data Center Revolution
Across the United States, the rise of data centers has been dramatic. Yet, paradoxically, the national power demand figures tell a different story.
Nvidia Q2 Earnings Analysis, Rate Cuts & Pilbara Minerals
Nvidia Corporation (NASDAQ:NVDA) has been a key player in the tech industry, especially with its significant impact on AI and data center markets. Following its latest earnings report…
The Next Big Growth Sector
A summer heat wave isn't the only reason for the expected rise in electricity demand. The growing influence of artificial intelligence and its substantial energy needs are increasing the…
What Next for S&P 500 - 6300 or 4800?
Goldman Sachs increased its year-end target for the S&P 500 to 5,600 , citing better-than-expected earnings from mega-cap tech stocks and a slightly higher fair value P/E (price-to-earning)…