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 ↗
4 reports
AI Infrastructure Is Moving From an Adoption Cycle Into a Utilization Cycle
Why agentic AI suggests we may still be underestimating hyperscaler demand, cloud growth and the duration of the data-center buildout
Main Full-Risk Portfolio
Investment manager's report
AI Compute to 2030: Scarcity Migrates, It Does Not Disappear
A physical and financial underwriting of how much AI capacity can be delivered, where the bottleneck moves next, and what OpenAI and Anthropic must earn to support their infrastructure commitments.
The week uncertainty clears
Why the final week of July is a credible Nasdaq bottoming window - and why Friday should be treated as the decisive confirmation session rather than a preordained low.
