Markets Hold Their Nerve Amidst Growing Rhetoric

Jan 13, 2026

7:16 am

• Markets stay firm despite political volatility and mixed macro signals • Supreme Court likely to curb Trump’s tariff powers, easing trade tail risks • Jerome Powell pushes back • US tax cuts and earnings season offer near-term support, led by tech • Inflation data next week may challenge the disinflation narrative • East outperforms:…

Read More

The Best May Be Behind Us

Jan 7, 2026

9:59 am

The Best May Be Behind Us • 2026 begins with momentum, not new policy support. Early gains are possible, but returns must be earned through growth and earnings. • The easy part of the cycle is over. Markets will prioritise growth first, inflation discipline second, and rate cuts only at the margin. • Capital is…

Read More

Venezuelan Oil: Immense Geology, Heavy Reality

Jan 5, 2026

2:18 pm

Venezuelan Oil: Immense Geology, Heavy Reality   Executive summary Events over the past few days have materially altered how Venezuela’s oil endowment is being discussed in the context of future global supply. From a pariah state long constrained by sanctions and naval pressure, the apparent US control of key security and energy decisions has brought…

Read More

The Year Global Policy Making Lost Its Anchor

Jan 5, 2026

12:32 pm

A very happpy New Year to all our clients and frirnds of The Global CIO Office. Whishing you all a prosperous New Year Ahead Table 1: Assset Class returns to end Deceber 2025 (USD) Source: Bloomberg Executive Summary 2025 will be remembered as the year in which global markets stopped taking US policy announcements at…

Read More