Slow food for thought

Insights and research on global events shaping the markets

Europe built its economy on the assumption of mild summers. In a hotter climate, cooling becomes a productivity tool, a workplace safety requirement, and a new layer of building infrastructure.

Why the latest supreme court rulings are important for investors and our long-term USD-view

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06/07/2026

Alan Greenspan, who presided over the Federal Reserve for more than eighteen years and came to embody the very idea of central banking, died 22 June at his home in Washington at the age of 100. He leaves behind the legacy of a man celebrated as the “Maestro” of the global economy, before the crises that followed made his record more controversial.

The S&P 500 earnings yield has fallen below Treasury yields for the first sustained period since the dot-com era. Does this mark a new regime for equity investors?

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24/06/2026

Just as markets are moving past energy inflation, geopolitical risk and sticky central banks, another source of volatility is building in the Pacific, under the name of El Niño.

"How did you go bankrupt?" "Two ways. Gradually, then suddenly." Hemingway's famous exchange captures a recuring and growing concern surrounding the sustainability of sovereign debt.

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16/06/2026

Gold has erased all of its year-to-date gains, driven by a combination of factors.

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16/06/2026

The most interesting crypto story of 2026 is not the loudest one. Built by an eleven-person team with no outside investors, Hyperliquid has become one of the dominant trading venues in digital assets. But it is also extending on-chain trading into traditional market exposures. On the platform, users can take positions on oil, gold, indices, tokenised equities such as Tesla or Nvidia, and even synthetic exposure to SpaceX before its public listing.

The “10 Million Initiative” seeks to keep Switzerland’s permanent resident population below 10 million before 2050, mainly by gradually tightening immigration rules...

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12/06/2026

It is probably the question landing most often on desks right now. The fear is easy to understand. A record pipeline of mega-listings is arriving into a market that is already stretched and heavily concentrated in AI, and the capital needed to absorb that supply has to come from somewhere. The history and the demand backdrop all argue that the fear is largely misplaced, yet the real risk is not the one investors are focusing on.

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