Macro & Market Structure

BlackRock sees AI and digital assets converging around machine-native intelligence, programmable money and compute. …

Crypto is rallying again, but the more consequential movement may be occurring beneath the …

The SEC’s five-year Innovation Exemption does more than permit tokenized U.S. stocks. It creates …

Dual-class IPOs allow companies to separate economic ownership from corporate control, giving founders extraordinary …

The Buffett Indicator compares total market capitalization to GDP, offering a long-term view of …

Oil markets are shaped not only by supply and demand, but by the ability …

Oil markets reflect both financial positioning and physical constraints. When futures exposure collides with …

“Greedflation” simplifies a complex reality. Inflation reveals where firms can utilize pricing power, producing …

From the gold-constrained discipline of the pre-1971 era to today’s digitally networked financial system, …

Oil continues to flow despite geopolitical disruption, increasingly through shadow networks and selective non-dollar …