October 2024
Starting Point Source: @Marlin_Capital We have previously discussed the sea change in markets, with rates now declining across most developed markets. This particular topic is, in our opinion, the most important thing for investors to focus on at the moment. Given the highest starting valuations in modern history, the potential downside risk is material should […]
September 2024
Demographics = Destiny There is much discussion of the slowdown in China, with many pointing at the overinvestment in the housing market, debt, and a variety of other well documented issues. All economies are multi-faceted, so at the risk of oversimplification, we would highlight population growth as the overarching long-term issue. When your population is […]
August 2024
The volatility of the past few weeks marks the return of bad news actually being treated as such by the markets. For a long time, any indication economic malaise was viewed positively as it increased the odds of near-term rate cuts.
June 2024
The Goldman Sachs IPO Issuance Barometer represents a gauge for market participants to monitor if the macro environment is conducive to new IPOs.