Markets & Thematic Research (“M&TR”)
Industry themes and market structure, from AI infrastructure and power demand to memory, shipping and freight. Where a theme binds, and what relieving it costs.
The Border Price
Semiconductors cross into America a third dearer than a year ago, before any duty is added.
The Empty Seat
Truckload prices are back near their 2022 peak and nothing extra is moving.
The Installed Base
Why the aerospace cycle pays in the aftermarket rather than at the delivery gate.
The Order Book
What equipment backlogs disclose about how long the power shortage lasts, and what they conceal.
Energy and AI
Power demand, grid infrastructure, and where the capital actually earns.
Global Macro Strategy (“GMS”)
Rates, inflation, commodities, currencies and the policy decisions that reprice them, read from the published series rather than the commentary around them.
Company Research (“CR”)
Individual companies read through their own filings: results, operating trends, disclosure and competitive position.