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 macro regime of 2026 is defined by five intersecting forces: dollar structural weakness, a hawkish Fed regime change, tariff policy uncertainty, the AI energy supercycle, and geopolitical realignment. This guide maps each force and the investment positioning it requires.
Research
A $59 billion market growing to $92 billion by 2027. Here is everything a serious investor needs to know about private credit in Asia-Pacific — returns, risks, Hong Kong dynamics, and manager evaluation.
Research
More than $10.1 billion in redemption requests have hit the largest private credit funds in Q1 2026. Blackstone, BlackRock, and Morgan Stanley are rationing payouts. The liquidity mismatch in private credit is not a crisis — yet. But it is the first serious test of assumptions that have been ac...
News
Trump's nomination of Kevin Warsh to chair the Federal Reserve is the most consequential monetary policy development of 2026. Markets lost $5 trillion in value on the announcement. Here is why the reaction is rational and what it means for portfolio positioning.
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 ...