+ Ken Griffin, Richard Bernstein, Louis-Vincent Gave, Peter Atwater & More
"Activity is the enemy of investment returns." | | | | — Warren Buffett |
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| Research | | Kai Wu measures firms' global trade exposure based on their reliance on foreign revenues, supply chains, and employees. Rather than abandon global firms, which have greatly outperformed their domestic peers in recent decades, he suggests tilting towards those best positioned to navigate trade disruption, including: | Low China reliance Resilient supply chains Significant intangible assets Non-U.S. domiciles
| | | | Richard Bernstein walks through the environment today and reminds investors that "profits, liquidity, sentiment/valuation, and not the hyped growth story of the day, are the cornerstones of our diversified portfolios." | | | | Man Group highlights the risk of rapid and disorderly earnings downgrades due to tariff-related uncertainty, and what that means for stock returns. | | | | BCG's Macroeconomics & Energy groups answer the following questions: | What is a plausible path for oil prices and how low could prices go? How deflationary is lower oil and can that offset the inflationary impact from tariffs? How big a role does oil truly play in the economy's output, consumers' wallets, and interest rates? Who are the winners and losers from lower oil, both by geography and sector?
| | | Bonus Content | So far, the stock market has rewarded companies responding to Tokyo Stock Exchange's (TSE) request with tangible plans. Link | | Is the small cap vs. large cap cycle about to turn? Link | Recent turbulence in the Treasury market was partly the result of trading strategies using derivatives. The FT covers how the Treasury market has been impacted by hedge funds. Link | Citadel CEO Ken Griffin shares stories about his entrepreneurial journey, the principles that have endured throughout his career and his advice on leadership and investing (41 minutes). Link | | Podcasts | | | | |  | 5/6/2025 - 47 minutes |
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| | Gavekal CEO Louis-Vincent Gave argues that a weakening dollar, fading Treasury appeal, and a looming U.S. recession call for investors to "move with the times" by redirecting capital overseas. | Apple | Spotify | YouTube |
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| | | | |  | 5/6/2025 - 58 minutes |
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| | Behavioral-finance expert and author of The Confidence Map Peter Atwater explains how confidence (and lack thereof) explains much of what is playing out in markets right now. | Apple | Spotify |
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| | | | |  | 4/10/2025 - 33 minutes |
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| | Roth discusses his new, all-encompassing horror media company the Horror Section, which allows horror lovers to "own" a portion of the company and share in the profits. | Apple | Spotify |
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| What Else Is Happening | | Deal of the Week YCharts is a web based financial research and analysis platform for asset managers and advisors. Click here to receive 20% off of YCharts Professional (new users only).* | | | | *Sponsored link |
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