Katie Martin

Nvidia announced bumper earnings in the final quarter of last year, but the market largely shrugged.

AI has driven investors to hallucinations

The US’ benchmark S&P 500 index is now slightly negative on the year, bobbing tediously higher and lower in an unusually tight range since late December 2025.
THE BOTTOM LINE

The death of the Trump trade

The Swiss National Bank wears the scars of several fierce market battles over the years, generally not of its own making.

The frank warning from Switzerland on the US dollar

The price of silver is playing catch-up with gold, which has been on its own spectacular tear, taking its price to as high as US$5,300 an ounce.

The precious metal feeding frenzy

Casting an eye across the outlooks of the major investment banks and big asset managers, one would be hard-pressed to find a naysayer.

Why the melt-up is still on

A tumble in the price of Bitcoin  soured the mood last Thursday, and stocks quickly followed.

The warning signals from Bitcoin’s fall

Bond yields for supposedly safe governments – the US, Germany and France – are said to be drifting higher, while sovereign borrowers long considered more risky, such as Italy and Spain, are fixing their fiscal health and being rewarded by investors.
THE BOTTOM LINE

RIP to safe havens

Academics, lawyers and former Fed officials are aghast at the US president's efforts to oust Federal Reserve Governor Lisa Cook.

Trump’s Fed meddling pushes investors closer to their red line

Having so much riding on such a small clique of companies – Nvidia, Microsoft and the like – is a concern. However,  market concentration does not suggest market fragility but success in an industry with high barriers to entry.

AI stocks: What if this time it really is different?