Slow food for thought

Insights and research on global events shaping the markets

Boosted by soaring crude oil prices, Saudi Aramco recently overtook Apple as the world's largest market capitalisation.

Global stocks market indices are on the cusp of entering bear market territory, being down around 20% from their late 2021 all-time-highs. What would be the main triggers for a sustainable rebound of equity markets?

So said a former U.S. Treasury Secretary in 1971 to other finance ministers struggling with the soaring dollar. 50 years later, the strength of the greenback is again threatening many financial balances around the world.

Rate hikes abound across the world, following in the Fed’s footsteps. Volatility is peaking, tech stocks aren’t out of the woods and the US administration’s shrinking oil reserves are pushing the black gold’s prices ever higher. Each week, the Syz investment team takes you through the last seven days in seven charts.

Despite the sanctions, the ruble is at its highest level in 2 years against the euro. What are the reasons behind this rebound? Will the Russian currency hold as Russia has become a financial "pariah"?

Rising oil prices, booming tourism, Expo 2020’s success, structural reforms: lately, everything seems to be going in the right direction for the United Arab Emirates. A favorable situation that is also benefiting the local equity markets.

The current context of record high inflation with the risk of a sharp economic slowdown is exceptional. Will the Fed be able to engineer a “soft landing”?

The succession of two major crises (the Covid-19 pandemic and then Russia's war against Ukraine) could lead to major and lasting changes to the world order. In today’s Focus, we review 10 potential macroeconomic and financial trends which could shape the next decade.

The U.S. Federal Reserve has put an end to its QE “4” (Quantitative Easing) and is even considering reducing the size of its balance sheet. A perilous exercise. Quantitative Easing is coming to an end in the US. But can the Fed afford to move into Quantitative Tightening? In today’s focus, we take a look at the effects of the decade long experiment that was QE, and what comes next.

The economic sanctions imposed on Russia by the West in retaliation to the invasion of Ukraine could prompt central banks to rethink their foreign- currency reserve policy. Today’s Focus looks at how the world may adapt after the sudden realization that their heavily dollar-dependent reserves can be confiscated overnight.

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