Investment
Editor's Notes: * The U.S. tape still feels “up,” but it’s a very specific kind of up. The rally on de-escalating trade headlines is real, but the market’s tolerance for surprises looks low. A slightly-hot PCE print and all the talk about “AI bubble” risk makes
Investment
Editor's Notes * The headline changed (again), but the signal didn’t. Even if the Europe tariff threat tied to Greenland gets toned down or paused, the bigger takeaway is the policy unpredictability premium that’s creeping into markets. What caught my eye was the flow-driven response from Europe
Investment
Editor’s Notes * Today has that classic risk-off tape with an extra layer of “this could gap again”. The headline is Trump’s tariff threat on Europe tied to Greenland, but the real market signal was capital flow behavior, not the soundbites. A Danish pension fund walking away from U.
Investment
Editor’s Notes * Japan is back in the driver’s seat, but this is no longer a passive trade. The so-called Takaichi Trade is powering the Nikkei through exporters, defense, and AI-linked industrials, helped by yen weakness and fiscal expectations. That said, with daily moves stretching and policy optimism well
Investment
Editor's Notes: * New structural themes for 2026 are largely confirmed by the past few days' trading - governance / economic reform continues driving JP bull, HK markets ready for rerating but waiting for more substantial recovery catalysts, SaaS names are hated while Trump policy / AI supply beneficiaries dominate
Investment
Editor's Notes: * We have seen consecutive days of stock price declines for SaaS names. This is part of a rotation. The deeper reason is likely a consensus forming around the generational profile shift from SaaS to AI apps. My thesis is that if SaaS players adopts AI aggressively,
Investment
Editor's Notes: * Rotating Eastward: US stocks are expensive and subject to increasing policy uncertainties; naturally, investors are looking elsewhere. Asia markets already had a very strong 2025, and I expect the China consumption recovery play (e.g. Anta, Nongfu), China AI play, Asia healthcare innovation cycle, Japan revitalization,
Investment
* Every market seems to be now dominated by policies and politics. I learnt from my 20 year career that policies are extremely difficult to predict, esp. in China and now US under Trump. For short-term investments, these policy-driven waves may be great profit making opportunities. For long-term holdings, I would
Investment
Editor's Notes: * As investors start to reassess US risks and AI-related debates continuing, I expect to see more volatility for US stocks this year. * China stocks are back on my watchlist, as there is an increasing chance of consumption stabilization and a clear sign of sentiment recovery -
Investment
Editor's Notes: * We’re watching AI grow up in real time, and the market is finally paying for the “picks and shovels.” The conversation is shifting from chips to the grid, and Meta’s 20-year nuclear deals are the cleanest signal yet that power is the next choke
Investment
Editor’s Notes * My read this morning: the market still wants to own AI, but the psychology is shifting. You can feel the skepticism creeping in, especially around the “AI debt bubble” talk and the sense that we’re paying premium multiples for stories that haven’t fully shown up
Investment
Editor’s Notes * AI enthusiasm hasn’t cracked—but the cracks are being actively debated. On one hand, Nvidia and the broader AI stack (memory, storage, chips) still feel like the market’s gravitational center; on the other, the “AI bubble vs. new paradigm” argument is getting louder as valuations