Analysis: Must Read

Is the party already over for AI-boosted momentum kings?

After cashing in on the surge across anything tied to AI, the momentum strategy is losing some of its shine. The Invesco S&P 500 Momentum ETF is on track for its worst performance in 25 years: just a...

The Week's Best Articles: Love at first sight in Notting Hill and rate-ology

As France and the UK rediscover each other, much to the United States' annoyance, AI keeps dominating international front pages, now joined by increasing worries about policy rates.

The Fed finally has its ghost chair

By keeping communication to an absolute minimum, Kevin Warsh is giving his colleagues a certain leeway.

The yen rattles the stock market again

In barely two sessions, the yen has emerged as the market's most closely watched currency, propelled by a sudden reset of interest-rate expectations for the Bank of Japan. The rest of the FX market...

Why Japan's Yield Comeback Is Threatening US Bonds

With Japanese yields at their highest level in 30 years, local investors are rediscovering their home market. This shift could gradually reduce their demand for US, European and Australian bonds,...

Aluminum rides a deficit market

As commodities were jolted by the return of macroeconomic doubts tied to rising bond yields, aluminum stood out with notable resilience, underpinned by supply fundamentals that remain structurally...

London, the waiting room for private equity

Three British companies found the exit in a single day. Bodycote, Gamma Communications and Capricorn Energy have all backed takeover offers that would end decades on the London Stock Exchange. The...

The ECB knows what it will do in a week. What comes next is less certain.

The ECB must decide whether inflation pressures go beyond energy alone.

At Jackson Hole, a moment of clarification

Kevin Warsh dusted off his hawkish suit.

The dollar braces for Warsh

The dollar traded in a tight range this week, pulled between stickier-than-expected inflation data, debt-management policy announcements and the Fed chair's upcoming Jackson Hole speech.

Defense: Europe Rearms, Auditors Sound the Alarm

As Europe spends heavily to beef up its defense, the rearmament process is proving long and complex. In a document titled Spotlight on EU Defense Policy, experts at the European Court of Auditors say...

After the spring boom, US consumer spending back down to earth

After several months of robust growth, Costco's US sales show a clear return to normal in August, a sign that consumer momentum is starting to cool.

The Fed vs. the Treasury

Tensions in the bond market underscore the two institutions' diverging objectives.

The United States Strikes Iran After New Attacks in the Strait of Hormuz

US forces carried out fresh strikes against Iranian targets around the Strait of Hormuz on Tuesday, following several attacks on commercial vessels and US personnel. The operation marks a new...

Donald Trump prepares new agreements to reduce drug prices

Donald Trump's administration is expected to announce a new round of agreements with pharmaceutical companies aimed at lowering the cost of drugs in the United States, where patients often pay nearly...

SG now expects three Fed rate hikes by March 2027

The US Federal Reserve is expected to raise interest rates three times by March 2027, by a quarter point each time, Societe Generale forecasts following the speech delivered Friday by Fed Chairman...

Jackson Hole: What to expect from Kevin Warsh's speech?

On Friday Kevin Warsh will make his first speech at Jackson Hole as Federal Reserve chair, with the key issue not so much to pre-signal the next FOMC decision, as to spell out his reaction function,...

Washington considers expanding its tariffs on technology products

Donald Trump's administration is reportedly weighing a new round of tariffs targeting semiconductors and a broader range of technology products. According to Politico, the measures could cover...

Kevin Warsh's Big Moment

The Fed chair will have to spell out where he stands at Jackson Hole.

Growth, AI, stocks: fund managers' consensus is getting uncomfortably crowded

Cash at its lowest, equity exposure at its highest since 2021, and strong confidence in growth and AI: Bank of America's survey shows investors still heavily committed to a favorable economic...

Canada hits back at US with tariffs on $20 billion

Canada will impose new levies on more than 700 American products starting September 8, in response to the 50% tariffs imposed by Washington. The move follows the collapse of trade talks between the...

Is Britain escaping its productivity trap?

Britain's economy has spent most of the past 15 years producing remarkably little extra output for each hour worked. New research from the Resolution Foundation suggests that this may finally be...

Fed and Treasury: Credibility Is Starting to Crack

Between the public deficit, the AI boom and a cautious Fed, the US policy mix is becoming increasingly hard to justify.

Sanctions on Iran could derail the truce with China

If Washington wants to further intensify economic pressure on Iran, the new sanctions will have to target the Islamic Republic's main partners.

MarketScreener's odds and ends: AI, IPOs and… Crime rates

Between stock market promises that often disappoint, financial frenzy around AI and a European safe haven, a look at what's really worth funding ....