The Bank of Japan surprised markets with hawkish commentary, sending the Nikkei into its sharpest single-session drop since August 2024.
Read Full Brief →The Russell 2000 is down 8% YTD while the Nasdaq 100 is up 6%. This divergence is not random — it is a rational response to the rate environment.
Read Full Brief →German industrial output missed badly. Markets are now pricing 3 ECB cuts by year-end. The DAX is up 11% YTD — here is why and whether it continues.
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