August 20th, 2026 >>Don’t blame US bond market indigestion on AI debt binge >>Port of LA Has Near-Record July as Importers Navigate Trade War >>European corporate outlook keeps improving as recovery goes beyond energy profits >>Coal Remains The Undisputed King Of Global Power
News & Perspectives 8.18.26
Investing in What Makes It Work
August 2026 Client Letter
Usually, when technology makes something obsolete, demand slowly disappears. Mechanical watches seem to be an exception.
Smartphones tell time more accurately than even the finest Swiss watch. Most people glance at the time throughout the day without ever looking at their wrist. By all accounts, the traditional mechanical watch should have quietly faded away.
News & Perspectives 8.3.26
News & Perspectives 7.28.26
July 28th, 2026 >>US core capital goods orders rise, shipments post largest gain in 4 1/2 years >>The bond market’s danger zone is becoming the new normal: Chart of the Day >>America’s Demand for Power Is Soaring-So Are the Costs of Building Out the Grid >>Ships continue Red Sea transit despite attacks and Houthi blockade: Report
News & Perspectives 7.22.26
News & Perspectives 7.16.26
July 16th, 2026 >>TSMC raises capex and revenue forecast, highlighting growing AI chip demand >>China exports surged in June, exceeding market expectations >>Japan to buy Nvidia Rubin chips to build an AI for robots >>Taiwan Semi plans extra $100 billion in US investment as it fights Intel challenge
News & Perspectives 7.15.26
News & Perspectives 7.14.26
News & Perspectives 7.13.26
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