Flash notes within 48 hours of the events that move global markets, and monthly deep dives on the companies they touch. Every note follows the same chain, from the event to what would prove us wrong.
3 notes published so far.
Musk and SpaceX are looking to break into the telecom industry, leveraging its immense capex ability and access to satellite tech. Such a move is putting pressure on competitors, though will it be enough to truly compete with infrastructure that has been building for decades?
By Michael Lawton
None of the economists Bloomberg surveyed expect the Bank of Japan to move on October 30. What matters is whether it says underlying inflation has reached 2%. Our base case is a hawkish hold that keeps a December hike on track, with three scenarios and what each would mean for the yen.
By Michael Lawton
The yen sits near 158 per dollar even after the BOJ hiked, because the Fed hiked too. Exporters are the textbook winners, but Toyota’s guidance already assumes ¥160. We think the better opportunity is in companies the weak yen has hurt, which gain if it strengthens.
By Michael Lawton