Thoughtful stories —
Modern thinking to guide your way.
Featured
Market Ethos
Jun 05 - 20269 min readThe Narrative Market: Why Stories Are Moving Stocks More Than Fundamentals
This is a late cycle, narrative-driven market. Stories are moving stocks more than fundamentals — and until that changes, the narratives will keep driving markets in both directions....
Market Ethos
Jun 01 - 202615 min readInflation Deja Vu?
Inflation is back — but this time, the drivers are different. The Strait of Hormuz, AI infrastructure buildouts, and a tightening labour market are all pushing prices higher....
en
Portfolios With a Purpose
May 27 - 20268 min readBefore the Party Ends
Correlations are breaking down — classic late-cycle behaviour. But late cycles can drag on. It's not time to go to cash, though it's probably not time to order another round either....
Market Ethos
May 25 - 20266 min readDon’t Fret the K, Yet
The K-shaped economy is widening — asset owners are thriving while lower-income consumers struggle with inflation and high rates. For now, the wealthy are still spending, and that's what matters most for markets....
Market Ethos
May 19 - 20267 min readLast Dance
With inflation rising, bond yields stirring, and AI euphoria driving semiconductor and memory markets to extraordinary heights, global equity markets are showing all the classic hallmarks of a late-cycle bull market....
Op-Ed
May 11 - 202612 min readPicks, Shovels, and Golden Screws
April proved one thing above all else: we are still underbuilt, and the market is finally waking up to it — with the semiconductor index surging as earnings season confirmed that capex estimates were still too low and hardware holds all the pricing power....
Market Ethos
May 11 - 20266 min readProfits in the Sitting
Inspired by Jesse Livermore's century-old wisdom, this Ethos reveals how patient, long-term positioning — not the trades making headlines — is what actually drives portfolio returns....
Market Ethos
May 07 - 20267 min readWhat I Learned Losing Money to AI in a Prediction Market
A firsthand account of losing $266 testing AI-assisted trading bots on Polymarket's crypto prediction markets. Two failed strategies, exploring how AI excelled at building infrastructure and crunching data but fell short on judgment....
Market Ethos
May 03 - 202612 min readW’s to V’s: Dip-buying in Market Recoveries
Markets have rewarded dip-buyers with V-shaped recoveries, but concentration in mega-cap tech, midterm seasonality, and geopolitical risks suggest caution ahead — price and earnings matter more than politics....
Portfolios With a Purpose
Op-Ed
Apr 30 - 20268 min read