“What’s at stake with this week’s US data is to know whether we can move from a K- to a V-shaped rebound. There are signs that the US consumer’s morale is improving, but we’re not there yet. It’s clearly the objective of the Trump administration ahead of the midterms.”

"This is a major transition, and a critical one when thinking about potential risk and return for corporate bonds in the US"

"The board has decided to suspend the share buyback and fully allocate excess..." 

"The UBS Luxury basket {UBXELUX} is up 1.9% on Kering results after Q4 sales fell less than anticipated, boosting hopes of a turnaround. Positioning exacerbating..." 

In sum, the macro backdrop remains stable, the broader AI theme is intact (albeit with greater investor scrutiny), and the current combination of high-volatility factor rotations and elevated correlations should provide good opportunities...

...the investor rotation in hard assets can keep several metals prices high for longer, including above what physical fundamentals justify...

Given details thus far, how exactly is this "exporting"?

As money keeps pouring into companies that will never be profitable, concerns grow about the wider impact on the economy...

In nearly every G7 nation, fewer than half of people trust either the media or the government...

Bermuda is the most expensive place to live in the world in 2026, with prices 23.5% higher than New York City... Switzerland leads Europe...

The government can now take a public victory lap after plunging citizens into massive debt to generate a short-term statistical effect in the super-election year 2026. Nobody wants to appear a total failure.

...surprised?

It’s possible that the US... might agree to transfer its tactical nukes to Estonia in parallel with a possible British F-35A deployment to the latter’s base there...

Smotrich & Katz hail changes that will accelerate settlement development...