News
Venezuela's 300 billion barrel oil reserves serve as a counterweight to Persian Gulf volatility. Maduro's fall weakens Iran's deterrence posture. Investor positioning should consider energy commodities and defence equities.
News
On January 3, US special forces raided Caracas and captured Maduro. Venezuela's rumoured Bitcoin shadow reserve is estimated at 600,000–660,000 BTC — worth $56–67 billion at $90K+. The implications for the global Bitcoin market are significant.
Research
AI commands the spotlight in 2026 equity markets. Goldman Sachs is constructive on equities, with hyperscaler AI capex consensus at $527B and potential of $700B. Magnificent Seven concentration risk is the key caveat.
Research
H1 2025: retail traders netted $155.3B in single stock and ETF purchases — 53% above the prior year pace. Retail now accounts for approximately 20% of US stock market volume in Q3. The axiom holds, but the behaviour does not.
Research
The global wine market reached $515B in 2024, projected at $550B by 2025, with a CAGR of 6.7%. Premium wines now account for 40% of sales. Asian consumption is up 15% year-on-year.
Research
Korea is allocating $7B to AI R&D. Samsung and SK Hynix dominate the HBM memory chip market critical to AI training. NAVER is investing heavily in large language models. Korea is positioning as the AI semiconductor hub of Asia.
Research
China installed 521 GW of renewable energy in 2023 — more than the rest of the world combined. Total electricity generation capacity stands at 3,010 GW. China's energy advantage is the structural enabler of its AI industrial buildout.
Research
The world's largest private credit firms are increasingly viewing professional sports as infrastructure rather than entertainment. Media rights, gate receipts, and merchandise create stable, recurring cash flows.
Research
US fiscal deficit: $1.8 trillion for FY2025, at 6.2% of GDP. Projections remain above 5% through 2027. The DXY appears stable but the dollar's structural foundations are eroding.
News
Nvidia delivered stellar earnings with Q4 revenue projected at $63.7B. The Blackwell platform is driving the next leg of data centre dominance. 'Nvidia saves humanity again,' quipped one trader.
News
The S&P 500 opened up 1.4%, traded as high as 6,800, then closed down 1.5% at 3,616. An intraday swing of 4.3 percentage points — only the third such occurrence since 2000. Goldman Sachs called it a 'perfect storm.'
Research
MicroStrategy went from trading at a significant premium to its Bitcoin NAV to falling below NAV. An anatomy of leveraged Bitcoin accumulation as a corporate treasury strategy — and the risks when momentum reverses.