Equity Momentum Strategy: Reading the Signal in 2025
Equity momentum strategy: reading the signal, limiting false starts and integrating it into an allocation framework against a backdrop of higher rates.
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End of Fixed-Rate Bank Loans: A New Risk for Real Estate
The end of fixed-rate bank loans is reshaping real estate cycles: how this structural shift modifies risk, prices and financing.
OAT-Bund Spread: A Quiet Gauge of French Sovereign Risk
OAT-Bund spread: how this yield gap has become a key signal on French sovereign risk, fiscal policy and the bond market response.
0DTE Options: The Quiet Link Distorting Markets
0DTE options: how these zero-day-to-expiry contracts reshape liquidity, intraday volatility and the signals broadcast by equity indices.
Private Equity: The Silent Shock of Higher Rates
Private equity: how a durable rise in rates strains valuations, liquidity and exits, and why the shock remains partly underestimated.
Chinese Shadow Banking: Systemic Risk Beneath the Surface
Chinese shadow banking: how this parallel credit system, its vulnerabilities and the signals to watch help anticipate systemic risk in 2026.
When an Economy Becomes Strategically Stable but Economically Inefficient
Macro-financial analysis of strategically stable economies that gradually become inefficient. Capital allocation deteriorates, productivity slows, and innovation retreats without any visible crisis to trigger adjustment.
Why Price Per Square Meter Is a Misleading Real Estate Indicator
Property heterogeneity and shifting transaction composition explain why price per square meter is an incomplete indicator of real estate market dynamics, particularly during periods of contracting volumes.
Revolving Credit: The True Cost of Easy Money
Revolving credit: how this renewable line of credit works, why it costs so much, and which signals to monitor to avoid a debt spiral.
ARR: Why This Metric Sometimes Overstates Tech Value
ARR: a key metric for SaaS companies, but one that can mask churn, discounts and rate sensitivity in tech valuations.