Macro & cross-asset

Research on monetary regimes, fiscal pressure, cross-asset transmission, gold, volatility and market positioning.

Start here

• The Great Economic Repricing

• Gold Has Stopped Waiting for Real Rates

• What a Calm VIX Is Hiding

Gold and hard assets

• What Really Drives Gold Now

• The Gold Trade Starts Where AI Crowding Ends

• The Mispricing Inside Metals

Risk and positioning

• Why Stock Valuations Don’t Predict Crashes (And What Actually Does)

• How I Forecast a Market This Crowded: Odds, Precedents and Exits

• The Trapped Central Bank: Why Debt Service Anchors Hard Assets

Dated outlooks

• Stock Market and Gold Outlook for Q4 2026

Dated outlooks are historical snapshots. Read them with their original observation date, evidence set and stated invalidation conditions.