RESEARCH LIBRARY
Research across markets.
My research on equities, commodities, currencies and macro. Each report sets out the view, the reasoning and what could change it.
General market research only. No investment or trading advice, trade signals, or offer or solicitation to buy or sell an instrument. Views and future scenarios are uncertain. Capital is at risk. Read the disclosures ↗
3 reports
Global Oil Market Update
Why oil remains elevated despite the recovery in physical supply
SOURCE · 12 OCT 2026ORIGINAL PAPER
The Energy Peak, Refining Normalization and the Next Major Repricing in Global Bonds
Research update — September 30, 2026
SOURCE · 30 SEPT 2026ORIGINAL PAPER
Gold's bear market is real; the macro turn is not yet here
The January blow-off has been removed. The durable bottom should come when falling real rates, not balance-sheet optics, change the opportunity cost of holding gold.
SOURCE · 17 JUL 2026ORIGINAL PAPER
Original research papers keep their original PDFs and dates. The summaries link to the source pages. Historical research returns are reviewed separately from the planned model portfolio. Review historical research returns