Equity Valuations

Macro Markets

Inflation Shock Kills Soft-Landing Consensus, Forces Equity Repricing

April CPI at 3.8% forces markets to abandon rate-cut bets and reassess tech valuations as sticky inflation meets oil-driven cost pressures.

7 min read ·
Macro Markets

Fund Managers Raise Cash to Pandemic Peaks as Iran Conflict Shatters Bull Sentiment

Professional investors have abruptly reversed course, building the largest defensive cash positions since March 2020 while equity markets continue their rally—revealing a critical conviction gap between institutional tail-risk hedging and market pricing.

8 min read ·
Macro Markets

Oil Shock Traps Fed Between Inflation Target and Market Expectations

As geopolitical supply disruption drives energy costs above $100, sticky core PCE at 3.0% collides with priced-in rate cuts, squeezing equity valuations dependent on lower discount rates.

8 min read ·