After a sharp decline in nuclear energy consumption following the 2011 nuclear accident at the Fukushima Daiichi Nuclear Power Plant, nuclear power generation is once again growing steadily. The most recent data available from…
On Monday, the OECD released its latest Economic Outlook, which is more optimistic than the March interim projections. The OECD now expects global GDP to grow 5.8% this year, an upwards revision from the 4.2% and 5.6% projected…
The bull market in global equities is entering a riskier spot. This does not mean that the bull market is ending, but it means that its quality will deteriorate as the frequency and intensity of drawdowns is likely to rise…
Dear Client, In lieu of our regular report next week, I will be holding a webcast with my colleague Dhaval Joshi to discuss the future of cryptocurrencies. Dhaval thinks the price of Bitcoin is going to $125,000. I agree with the last…
Highlights China's high-profile jawboning draws attention to tightness in metals markets, and raises the odds the State Reserve Board (SRB) will release some of its massive copper and aluminum stockpiles in the near future. Over…
On Thursday, the US Treasury Department released a proposal to set the global minimum corporate tax rate at 15%. The plan is to stop what Treasury Secretary Janet Yellen has referred to as a global “race to the bottom…
Flash PMIs surprised to the upside in May. The US composite PMI jumped to a record high of 68.1 from 63.5; the Eurozone composite index climbed 3.1 points to 56.9 and beat the consensus forecast of a tamer rise to 55.1; and the…
Highlights The drubbing that cryptocurrencies have received over the past two weeks is just a taste of things to come. Crypto markets will continue to face tighter regulation, as this week’s announcements from China and the US…