Gold in the stress test

How the precious metal behaves relative to the S&P 500 across different market phases.

Energy shocks fade. Their echo does not.

When prices jump, households adjust fast. Their expectations do not.

What’s driving private-credit valuations?

Taking a closer look at what’s happening in BDCs

2026 Q1: Energy & nature investor

By: Michael Lewis, Steffen Kutscher

Quarterly highlight: Navigating mega-forces

Oil shocks don’t bite like they used to

Decades of efficiency and electrification have defanged a once-feared macro risk — even as Middle East tensions keep markets jumpy.

Wer wagt, gewinnt: Financing German first-of-a-kind technologies critical to Europe’s future

By: Michael Lewis, Ian Bigelow

Americas CIO View

Time to Turn Back?: Return to Growth or seek US equity alternatives?

U.S. and Israel strike Iran

Market impact likely hinges on the scale of oil-supply disruption

APAC CIO View

By: Ivy-sw Ng, Christy Lam

Charging Ahead: Electrification in Asia

A sunny 2026 for the Australian dollar?

The Australian dollar currently has a wide range of monetary, economic and political factors on its side

Time for Multi Asset in 2026

Positioning portfolios for the next phase of market dispersion.

Does the Fed’s balance sheet have a price tag?

Even a quieter, less interventionist Fed would only shrink its footprint very cautiously. Partly this reflects changes to the financial plumbing in recent decades.

Copper between shortage and stockpiling

A physically tight market is keeping prices close to their record highs.

Hunger games: The data centre race for power, land and water

By: Michael Lewis

Turbulence in the Japanese financial markets

Years of overly loose fiscal policy have sent Japanese bond yields soaring. Increased volatility is here to stay.