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Start Here: the essential Khan Capital analysis, curated by theme

Khan Capital publishes deeply researched analysis of global markets: what happened, why it happened, and what it means. If you are new, this page is the fastest way in.

01 · Learn the language

Market Concepts

A numbered Foundations path through the ideas every market story assumes you know.

02 · Read the defining stories

Reader favourites

The pieces readers return to most, grouped by theme, just below.

03 · Stay current

The Week Ahead & Live Markets

What moves markets next week, plus the live dashboard, refreshed every Friday.

The Fed and the 2026 regime change

The Fed’s Regime Change (hub)

The full thread: from cuts to hikes, minutes to market repricing.

The Hike That Came Back

Pricing a September rate hike after the minutes, the 9-8 split and the oil shock.

The Hawkish Hold

Inside Warsh’s first FOMC and the end of forward guidance.

The AI build-out and its bottlenecks

The AI Infrastructure Supercycle (hub)

Running coverage of the biggest capex cycle in corporate history.

Alphabet’s $205 Billion Capex

The quarter the AI build-out turned cash flow negative.

NVIDIA’s SK hynix HBM Deal

Locking up the AI supercycle’s scarcest input.

Private markets under pressure

Private Credit Under Pressure (hub)

The full private markets thread, from first cracks to gates.

The $35 Billion Test

The largest private credit deal on record starts trading.

The $14 Billion Gate

Private credit redemptions meet the confidence gap.

Geopolitics and energy

Oil Above $100

The Strait of Hormuz closure and the energy crisis of 2026.

The Invisible Blockade

War-risk insurance is repricing the Strait of Hormuz.

The US Iran Peace Deal

Unwinding the 2026 risk premium.

The UK under Burnham

UK Gilt Yields Above 5%

The bond market greets Prime Minister Burnham.

The New Policy Premium

UK property investment under the most interventionist housing agenda in decades.

Prefer the fundamentals first? The Market Concepts library explains the machinery behind these stories in plain language, and the live markets dashboard shows where everything trades right now.