Emerging Markets Rebound Despite Energy Risks
Strong Emerging Market Rally Masks Energy Concerns Emerging market equities fell 13% in the first month after the war with Iran began but recovered all of that—and more—in the following weeks. At the time of writing, emerging equities are up 22.6% year-to-date (USD, 8 May 2026). It would be tempting to conclude that emerging markets […]
Uncertainty Weighs on Equities (Again): Lessons from Past Market Cycles
Without a doubt, the ongoing conflict involving Israel, the United States and Iran has become a major driver of market sentiment, prompting investors to grow increasingly cautious toward non‑cash assets. Although the conflict appears likely to remain regional, its impact on oil markets has been both global and significant. Crude prices surged 57% in March, […]
The Battle Between Software and AI Agents Has Just Begun.
Future earnings matter because they determine the present value of a company. The challenge—and the source of volatility—comes from predicting those future earnings. Investor opinions on the outlook can change daily and meaningfully. Near‑term earnings expectations are typically anchored in the previous quarter’s results and management guidance. In the U.S., companies stood out this season, […]
Finding the Few Winners: Munro’s Strategy for Long-Term Growth
This month, we interviewed Nick Griffin, Chief Investment Officer and founding partner of Munro Partners. He and his investment team are based in Australia and focus on U.S. and global equity. Alfred: Nick, thanks for doing this. Can you tell our readers how you got into the investing industry and how long have you been doing […]
AI’s Second Act and How to Capitalize On It
It is not “if” robots will compete but when Humans have been worried about robots replacing them for over four decades. Until recently, the closest invention resembling a robot—the personal computer—boosted productivity but still relied heavily on human input. However, this may change with the rapid development of artificial intelligence and the recent announcement of […]