Our Portfolio Allocation Summary for December 2025.
Our Portfolio Allocation Summary for November 2025.
Gold’s decisive break above $4,000/oz, extending gains to over 55% year-to-date, reinforces the structural bull case driven by persistent central bank demand and mounting fiscal concerns globally, supporting an overweight stance in…
Our Portfolio Allocation Summary for October 2025.
High US inflation is being driven by tariffs, not domestic inflationary pressure. This argues for Fed easing and a bull-steepening of the Treasury curve.
Our Portfolio Allocation Summary for September 2025.
Our Portfolio Allocation Summary for August 2025.
Disinflation continues to unfold globally, and markets are finally catching up. Inflation expectations have broadly realigned with fundamentals, prompting us to shift our global ILB allocation to neutral. While tariff risks are…