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 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.
Research
A static analysis of Tariff War 2.0's direct GDP impact on China yields a manageable 0.8-1.2 percentage point drag. The more important question is the second-order effect on Chinese firms' adaptive response — and here, the historical precedent from Tariff War 1.0 is instructive.
News
Asian markets fell sharply on Trump's sweeping tariff announcement. The market is pricing a negotiating tactic. We think it is pricing a structural regime change in US trade policy — and the two scenarios have very different implications for portfolio positioning.