Category: Markets and Macro

German economists are openly challenging one of the quiet pillars of the postwar financial order, urging Berlin to bring a large share of its gold reserves home from vaults in the United States. Their argument is blunt: in a world of rising geopolitical tension and increasingly weaponized finance, leaving national wealth under another country’s lock…

Investors keep telling pollsters they are optimistic about stocks, but their money is quietly moving in the opposite direction. A record pile of cash, roughly 7.8 trillion dollars, has migrated into the safest corners of the market, signaling a deep unease that polite commentary often glosses over. I see that divergence as the real story:…

European equities are losing momentum after a strong start to the year, with a geopolitical shock over Greenland jolting markets out of a comfortable five-week climb. Investors who had been leaning into the region’s cyclical recovery story are suddenly reassessing risk, as tariff threats from Washington collide with fragile confidence in global trade. The pullback…

The clash between Prime Minister Mark Carney and President Donald Trump has escalated from a war of words at Davos into a full‑blown diplomatic feud. At its center is Carney’s blunt retort that “Canada doesn’t live because of the US,” a line that crystallizes a deeper argument over sovereignty, economic power and the future of…

Investors have been trained to treat every pullback in the S&P 500 as a bargain, but the next leg down could be less of a sale and more of a trap. If the index slides toward a key valuation floor, the usual playbook of rushing in with fresh cash may collide with earnings risk, recession…

Wall Street’s latest bout of nerves did not begin with President Trump’s diplomatic fireworks or his surprise moves on Greenland. The groundwork for a more pessimistic view of U.S. equities was already in place, built on stretched valuations, fragile credit markets and a long expansion that looked increasingly tired. When foreign investors started to question…

As Washington turns inward and quarrels with some of its closest partners, Beijing is moving quickly to present itself as a steadier alternative. From trade deals to Arctic diplomacy, China is testing how far it can stretch the loyalties of frustrated U.S. allies without triggering outright rupture with the United States. The result is a…

President Donald Trump’s team is reshaping the federal bureaucracy that has been most focused on China’s technological rise, pushing out officials who built some of Washington’s toughest safeguards against Beijing-linked hardware and data flows. The removals are landing just as the administration signals a broader shift away from treating China as the central national security…

In the thin air of the Swiss Alps, the argument over artificial intelligence has shifted from hype to headcount. At Davos this year, the world’s most powerful executives openly wrestled with how many jobs they are prepared to automate away, and how quickly. The clash is no longer about whether AI will reshape work, but…

Commerce Secretary Howard Lutnick has turned the polite language of Davos on its head, declaring that globalization has failed and that the United States of America must put its own workers and factories first. He is pairing that rhetoric with a sweeping prediction that the United States of America is on the verge of a…