When jet fuel stops being niche

Europe’s volatile jet-fuel buffers are less a story about aviation and more a warning of how a prolonged Hormuz shock could expose wider supply-chain fragilities.

Q2 2026 Outlook: Central & Eastern Europe Markets

By: Sebastian Kahlfeld

Bond markets: shaken, not unanchored

Markets are pricing more near-term inflation risk, but longer-term expectations remain comparatively calm.

Critical minerals – The power factor in commodities

Critical minerals are increasingly playing a key role in the development of electromobility, renewable energy and digitalization – and thus in shaping future developments.

Frank Kelly’s Geopolitical Week Ahead | April 19, 2026

By: Francis (Frank) J. Kelly

From rapidly shifting signals over peace talks and a fragile ceasefire deadline, to European policy coordination and a pivotal Fed Chair confirmation, we outline what’s on the geopolitical agenda—and what markets are watching this week.

When gas determines power

Correlations in times of energy stress

War-weary investors turn back to AI

Seven weeks of war in the Persian Gulf, traffic through the Strait of Hormuz remains disrupted, and shortages of raw materials are becoming noticeable. Yet investors are betting on peace negotiations and a swift normalization.

Americas CIO View

Investing in a Fog of War and Haze of AI Transition

How oil shocks can breed demand destruction

When it comes to oil, the price spikes grab attention. Their more lasting effect may be demand that disappears - and does not fully return.

Frank Kelly’s Week Ahead | April 5, 2026

By: Francis (Frank) J. Kelly

From potential changes to quarterly reporting and rising scrutiny of prediction markets, to central bank activity and escalating geopolitical risks, we outline what’s on the regulatory and geopolitical agenda—and what markets are watching this week.

Currency Hedging: how has it worked and how might it work going forward?

By: Jason Chen

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.

Frank Kelly’s Special Update | March 16, 2026

By: Francis (Frank) J. Kelly

The Justice Department’s decision to appeal the court’s harsh ruling quashing subpoenas as part of their investigation of Chair Jay Powell is likely to present two outcomes markets have not focused on yet.

What’s driving private-credit valuations?

Taking a closer look at what’s happening in BDCs