Two trading days remain in the third quarter, and the final week of a quarter is its own beast — worth understanding, because it distorts everything it touches. The mechanics of quarter-end flows Three flows converge in the final sessions. Pension rebalancing: a quarter of strong equity gains (US stocks up smartly in Q3) forces […]
With August closing on Friday, positioning for September deserves more thought than usual — because this September carries an unusually heavy load. The calendar stack Five events dominate. One: the Federal Reserve meeting, where the market will parse every word for timing on the first cut. Two: the US employment report, the single most market-moving […]
We’re halfway through 2026, which makes this the traditional moment for an honest portfolio review. Not a prediction exercise — an allocation exercise. Here’s a framework. Start with what the first half taught The H1 scoreboard: US stocks up mid-single-digits, gold down sharply, bitcoin down 18%, and the dollar up nearly everywhere. If your portfolio […]