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.

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

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.

Who dares wins: 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