As we enter Q2, one considers the recent past and peers into the near future. This model portfolio review process is always interesting – it is where the rubber meets the road so to speak. That suggests some good potential upside. A ytd correlation a...

Several clients have recently asked me versions of this question, so I thought that I should answer it for everyone. The threat of a filibuster could now stop business without Thurmondesque exertions. Many in the Democratic Party would like to elimin...

On Friday, US-based Archegos Capital reportedly dumped shares in nine stocks (worth US$20bn) to meet margin calls (demands for cash) from its prime brokers. There are reasons to fear that the block trade frenzy could affect the market in general and ...

North Korea test-fired two missiles on Sunday, according to reports that only came out in recent days, although the US confirmed the test of a short-range system did not appear to violate the UN ban on ballistic missile launches. North Korea also lau...

The Biden administration is doing what was expected of it on China: adopting a confrontational approach, referencing human rights, and rebuilding relations with international allies with military presence near China (the "Quad" partners Australia, Ja...

Yesterday, Jumia (JMIA US) issued 9M American Depositary Shares (ADS) raising US$400mn. This would dilute existing shareholders by 9%. We expect FCF loss to average US$713mn in FY 21-24. Jumia has also withdrawn from four African markets. The pivot i...