FN - Ledger (Page 2)

China's Stimulus Pivot: What It Means for Global Markets

Beijing has shifted from property bailouts to infrastructure and tech. The implications for commodity and EM allocators.

The DXY has fallen 8% from its 2025 peak. We examine whether this is cyclical or the beginning of something bigger.

The AI infrastructure buildout justifies the premium, but the margin of safety is razor-thin. Our framework for thinking about it.

Global policy has shifted decisively in favor of nuclear. Here's how to position for the multi-decade buildout.

The Federal Reserve faces its toughest policy decision since 2022. We break down the scenarios.

Trading at 0.7x tangible book with 8% dividend yields, European banks are pricing in a crisis that isn't coming.

Dr. Copper just broke out to all-time highs. The signal is clear — global manufacturing is recovering.

Fed minutes reveal hawkish dissent, European PMIs surprise to the upside, and copper hits a new all-time high.

Revenue beats will dominate headlines, but the real story is in margin compression and forward guidance revisions.

The 2s10s spread has steepened to +45bps — the most since 2022. Here's what that means for equities.

A comprehensive review of Q1 2026 performance across asset classes, with our updated outlook for the remainder of the year.