Editorial
What is the Eurodollar Market?
The most important and least understood driver of global financial markets.
MARKETS X GEOPOLITICS
Weekly research and commentary on the key investment
themes shaping the world of tomorrow.
![[Hero]](/content/images/size/w30/2023/10/Map_New_Blue-removebg-preview---cropped.png)
Latest
Editorial
What is the Eurodollar Market?
The most important and least understood driver of global financial markets.
Charts
Charts of the Month - November '23
U.S. LNG Exports Rising, A Counterintuitive View of the Consumer, and Foreign Direct Investment Flows
Research
Lykeion Research - November '23 (Pt. II)
A Rolling Recession and Its Implications for Active Managers, and The Bear Case for the US Dollar.
Research
Lykeion Research - November '23
Maturity Walls, Stretched Consumer, and Israel-Hamas War Need to Know.
The Geopolitics of Commodities
Episode #2: Michael Kao
Scott Smitson and Michael Kao explore the vast inner workings of fossil fuels and geopolitics.
Markets
The Big Melt-Up, Easier Financial Conditions, and Increased Defense Spending
Moving from oversold to overbought, US Financial Conditions ease pretty significantly, and the need for higher defense spending.
Markets
Markets
The Big Melt-Up, Easier Financial Conditions, and Increased Defense Spending
Moving from oversold to overbought, US Financial Conditions ease pretty significantly, and the need for higher defense spending.
Markets
The Bull Case for Q4, Higher Rates Momentum, and Private for Longer
We take a look at what the bull case for equity markets in Q4 could be.
Markets
NVIDIA's Cracks, Oil's Surge, & Higher Rates for Longer
Back to school update on the most important narratives of 2023.
Markets
Oil And Gas Capex Renaissance
We explore the outlook for oil and gas capex for the next couple of years.
Charts
Charts
Charts of the Month - November '23
U.S. LNG Exports Rising, A Counterintuitive View of the Consumer, and Foreign Direct Investment Flows
Charts
Charts of the Month - October '23
Hybrids > EVs and The Beginning of the End of the Renewable Industrial Complex
Charts
Charts of the Month - September '23
The Big 7 vs. The Old Guard, The U.S. Consumer - Not Dead Yet, and The Dirtiest Cities in the World
Editorial
Editorial
What is the Eurodollar Market?
The most important and least understood driver of global financial markets.
Editorial
Geopolitical Risks to the European Gas and LNG Market
The potential impact on Natural Gas markets of the Armenia-Azerbaijan war, the Israel-Hamas war, and the undersea attacks in the North and Baltic Seas.
Editorial
Checking in on Year-End Risks
Liquidity, a Looming Credit Event, and the Health of the Consumer are all in focus heading into year-end.
Editorial
China-Taiwan Ship Inspections, OPEC+, Russia/Ukraine Update
Russia/Ukraine Update, China-Taiwan Ship Inspections, OPEC+ Oil Cuts, EU LNG, Germany Getting Serious about EU Spending, Middle East Update
Research
Research
Lykeion Research - November '23 (Pt. II)
A Rolling Recession and Its Implications for Active Managers, and The Bear Case for the US Dollar.
Research
Lykeion Research - November '23
Maturity Walls, Stretched Consumer, and Israel-Hamas War Need to Know.
Research
Lykeion Research - October '23
The Bear and Bull Case into Year End, the 2030 Portfolio, and Should Japan Defend the Yen?
Research
Lykeion Research - September '23
Bond Issuance’s Impact on Liquidity, US Public REITs, US Dollar Outlook, Reflation Risk in Q4
Podcasts
The Geopolitics of Commodities
Episode #2: Michael Kao
Scott Smitson and Michael Kao explore the vast inner workings of fossil fuels and geopolitics.
The Ides of Macro
Episode #10: Samantha LaDuc
Roger and Samantha explore the 2024 outlook for equities, bonds, and the US Dollar, the outlook for wage inflation, and the unintended consequences of the BoJ's monetary policy.
The Ides of Macro
Episode #9: Imran Lakha
Roger and Imran Lakha of Options Insights discuss cross-asset volatility to build a macro trading framework.
The Ides of Macro
Episode #8: Tony Greer
Tony Greer, founder of TG Macro, sits down with Roger Hirst for an hour-long masterclass on trading through the 'potential' reflation trade.