John Grey is a founding editor at Solomon Grey Capital, covering private credit, global macro, and institutional investment strategy across Asia and global markets.
Research
The DXY at a four-year low tells a story about structural dollar weakness that gold is reading correctly and Bitcoin is not. The divergence between these two supposed dollar hedges is the most analytically important signal in macro markets right now.
News
The Federal Reserve held rates at 3.5-3.75% after three consecutive cuts, marking the end of the easing cycle that began in September 2025. Two governors dissented for further cuts. Here is the full read-through for fixed income, equities, and the macro outlook.
Research
Our base case for 2026 is constructive equities with five identifiable risks that could derail the thesis. Goldman projects S&P 500 at 7,600; Morgan Stanley is more cautious at 1.8% GDP. We map the risks and the positioning response.
News
Venezuela's 300 billion barrel oil reserve — the largest in the world — is now potentially accessible to Western capital for the first time in two decades. The geopolitical implications for Iran, OPEC discipline, and energy market structure are significant and underappreciated.
News
US special forces captured Nicolás Maduro on January 3rd. The geopolitical shock is clear. The financial implication — Venezuela's estimated 600,000-660,000 Bitcoin shadow reserve — is less understood and potentially more significant for crypto markets.
Research
H1 2025 retail purchases of equities ran 53% above prior year pace. Record bull markets attract capital at the worst possible time. The behavioural finance literature has a clear diagnosis. What it lacks is a practical prescription. Here is ours.
Research
The global wine market at $515 billion is growing at 6.7% CAGR with premium wines now 40% of sales. The investment thesis is not about wine — it is about the premiumisation megatrend and Hong Kong's structural position as Asia's gateway for premium consumables.
Research
The world's largest private credit firms are repricing professional sports as infrastructure — recognising that media rights, gate receipts, and merchandise create stable, recurring cash flows with inflation linkage. Asia's sports infrastructure market is nascent but developing on a compressed ...
Research
The US fiscal deficit, AI's power hunger, and crypto volatility are not three separate stories — they are three symptoms of the same underlying monetary system fracture. The investors who connect these dots early will be better positioned than those who treat each as a standalone headline.
News
The S&P 500 opened up 1.4%, reached 6,800, and closed down 1.5% at 3,616. An intraday swing of 4.3 percentage points — only the third occurrence since 2000. Goldman Sachs called it a perfect storm. Here is our analysis of what actually happened and what it means.
Research
MicroStrategy's leveraged Bitcoin strategy was celebrated as genius on the way up. The anatomy of its reversal — from premium to negative NAV — is a case study in the mechanics of leveraged single-asset exposure and the risks of corporate treasury strategies that conflate conviction with prudence.
Research
Bingo Group (8220.HK) is a Hong Kong-listed company executing a strategic pivot into AI and gaming. The 30x upside headline reflects a bull case, not a base case. Here is a rigorous analysis of what the thesis requires to be correct.