Capital markets research

Think in signals.
Think in cycles.

We analyse financial markets, economies, and macroeconomic developments. Not news. Not noise. Frameworks and conviction for readers who reason in narratives.

Explore the signals
Signals Short-form market observations and reading of the tape. View the signal Cycles Medium-term macro frameworks and regime shifts. Explore the cycle Conviction Strong opinion pieces and thesis-driven commentary. Read the thesis Macro Economies, policy, and cross-asset implications. Enter macro Crypto Digital assets as macro indicators. On-chain data as sentiment. See the signal