This analysis is provided by Eden Bradfeld at BlackBull Research—sign up for their Substack to receive the latest market insights straight to your inbox.
Ah, Spark. Shocker of a result on Friday — losing in all segments (save their IoT business, which is negligible anyway). Since Jolie Hodson became CEO in 2019 the stock has decreased roughly 40%. In the last...
Donald Trump has threatened to impose 25% tariffs on the European Union, bizarrely stating that the 27-member bloc was “formed to screw the United States.”
Without providing further details, he hinted at targeting carmakers, saying, “We have made a decision and we’ll be announcing it very soon.” The EU has vowed to retaliate immediately if the tariffs take...
President Trump is tightening the screws on trade, reaffirming that tariffs on Canada and Mexico will proceed as planned next week. Financial markets have reacted with stocks selling off, already weighed down by softer US economic data and rising inflation.
The euro has been consolidating recent gains as it awaits developments in the German coalition. Meanwhile,...
Ukraine is set to sign an “improved” minerals deal with the US after the US dropped its claim to $500 billion in potential revenue, according to the FT. The news has boosted the euro and market sentiment, but what about the commodities involved?
Ukraine holds about 5% of the world's critical raw materials, essential for EVs, clean energy, and defense. Its...
Currencies had been bid to start the day but have given back most of their gains to the dollar into the North American open. Interestingly, U.S. equity futures are still holding up well as they attempt to extend the recovery from Friday's decline, which followed a weak set of U.S. economic data. The big question now is whether the softer data will prompt the Fed...
XRP is facing increasing bearish pressure as it struggles to hold above the $2.45 support level amid weak risk appetite in the crypto market.
XRP has fallen below the 50, 100, and 200-day SMAs, signaling a bearish trend. On the four-hour timeframe, XRP has broken down from an ascending triangle pattern, reinforcing the bearish outlook. However, the Chaikin...
This analysis is provided by Eden Bradfeld at BlackBull Research—sign up for their Substack to receive the latest market insights straight to your inbox.
I’ve been spending a lot of time thinking about good governance and good boards. There is a lot that can be said about bad boards, but a lot less is said about what makes a good director. So what makes a good...
Investors have been less and less affected by President Trump's talk on trade, something that has helped to bolster risk appetite and open a wave of US dollar outflows. Currencies and broader risk markets have also been feeling better about a possible peace deal between Russia and Ukraine, though clearly, there's still a lot more work that needs to get done...
Polls have now closed in Germany’s parliamentary elections.
Exit polls indicate Friedrich Merz’s center-right Christian Democratic Union (CDU) has secured a clear victory, positioning him as Germany’s next chancellor.
The far-right AfD is projected to achieve its best result yet, currently in second place with 20.2%, nearly doubling its 2021 support. However,...
Morgan Stanley and MUFG both see the Japanese yen as the strongest G10 currency in 2025. They expect it to gain value as U.S. interest rates fall and Japan’s central bank raises its own.
On the daily chart, USD/JPY oscillators are still away from being in the oversold zone, suggesting that the path of least resistance could to the downside.
MUFG predicts...
The market is clearly becoming less nervous about headlines around tariffs. President Trump was on the wires talking about 25% tariffs on automobiles, semiconductor, and pharmaceutical products, and the market took it all in stride rather than panicking as we had seen weeks back. There is a clearer understanding that all of this is much more about strategy and...
The United States and Russia recently held peace talks in Saudi Arabia without Ukraine’s participation. Russian officials did not mention offering any concessions and U.S. officials did not claim to have scored any in Tuesday's meeting.
Adding to the unseriousness of the talks, Donald Trump called Zelensky a “dictator,” and suggested that Ukraine is responsible...
Earlier today, the Reserve Bank of Australia cut rates by 25 basis points as widely expected. The accompanying communication leaned to the hawkish side with respect to the outlook on future rate cuts, which kept the Australian dollar propped up. As for Fed rate expectations, the market is currently pricing in 40 basis points of cuts in 2025. Meanwhile, risk...
This analysis is provided by Eden Bradfeld at BlackBull Research—sign up for their Substack to receive the latest market insights straight to your inbox.
Now, I do not think Brown Forman will return to 32x earnings anytime soon — if ever — but if you even half the implied return from multiple expansion you still have plenty of upside.
Ditto Remy — I do not...
Six weeks ago, a Conservative victory in the next Canadian election seemed inevitable.
Now, that certainty is fading. Conservative leader Pierre Poilievre's support from the American right, including Elon Musk, is becoming a potential liability as Canada faces an unprecedented challenge: the U.S. president openly questioning its viability as a nation,...
This analysis is provided by Eden Bradfeld at BlackBull Research—sign up for their Substack to receive the latest market insights straight to your inbox.
You know my favourite stocks are luxury stocks, and they’ve had a hard last year. Richemont and Moncler were the clear standouts from the most recent season (both grew sales), while Brunello did well too....
The Reserve Bank of Australia’s first meeting of the year is days away with money markets pricing in an 86% chance of a 25bps cut and a 14% chance that rates unchanged.
However, Australia Finacial Review’s John Kehoe suggests market expectations of a 90% probability for a cut may be overstated, arguing the decision is closer to a 50/50 call.
If the RBA cuts...
Finally, an investment idea! (after how much doom and gloom?) — Novo Nordisk.
You will all be familiar with Ozempic, the Danish company’s flagship product and the reason so many celebrities, influencers, b listers and regular schmegular Americans are suddenly skinny. I ignored the stock for most of ‘23/24, because it was so expensive. I am still a value investor...
