18 Aug 2026
There is no more vol left to sell
Source: zerohedge Bloomberg
17 Aug 2026
Our global M2 proxy was flat last week, close to its record high level (the DXY index was flat too). The S&P 500 continues to catch up and suggests the relationship between the two is not broken.
In orange: Global M2 with an 11 weeks lead In dark blue: S&P 500 index Proprietary model developed by our Head of Fixed Income Adrien Pichoud
12 Aug 2026
The US is generating almost 2/3 of OECD profits...
Warren Buffet: "Never bet against america" Source: Bloomberg
12 Aug 2026
“Virtually nothing matters more to markets at present than the AI buildout. It’s such a sudden and massive stimulus for the US that it has shifted macroeconomic data. "
Columbia Business School’s Stijn Van Nieuwerburgh argues that without it, the US would be in recession. He estimates AI infrastructure investment at roughly 2.8% of GDP, larger than the railroad boom, and it’s projected to keep rising Source: Annmarie Hordern Bloomberg
12 Aug 2026
Starlink has a lot of room left to grow into, telecom is a truly massive market.
Source: Christian Keil
7 Aug 2026
From beta to alpha ?
57% of S&P 500 stocks are beating the $SPX this year, the most in a decade. Source. Barchart, Bloomberg Intelligence
7 Aug 2026
$8.3 Trillion is now sitting in money market funds, an all-time high
Source: Barchart
7 Aug 2026
Berkshire Hathaway hits highest price since Warren Buffett announced his retirement in May 2025
But there is still a huge gap that needs to be filled 👀 Source: Barchart
