A numerator vs. denominator race at beta, alpha has no style
How risk, valuation and liquidity are evolving in credit markets
Increasingly, shrinking Eurozone spreads say less about European virtues and more about anxieties in many of the world’s other bond markets.
2026 may be a good year for risky assets
Competition for raw materials vital for the energy transition is intensifying
Market impact likely hinges on the scale of oil-supply disruption
