Tag: S&P 500
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AI Capex Boom: $600 Billion and Counting
Hyperscaler AI spending exceeds $400 billion and counting. The largest corporate infrastructure buildout since the 1990s telecom boom is reshaping the investment landscape from semiconductors to power utilities. How to navigate the gap between capex and monetisation.
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The Great Diversification: Investors Rotate Out of US Stocks
After years of US exceptionalism, investors are rotating to international markets at the fastest pace in over a decade. European fiscal expansion, dollar weakness, and extreme valuation differentials are creating the most compelling diversification opportunity since the early 2010s.
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The 90-Day Tariff Pause: Markets Whipsaw on Policy Reversal
A single social media post triggers the third-largest rally in S&P 500 history as Trump pauses the tariffs that had pushed markets to the brink of a bear market. Why the bond market forced the reversal, and what remains unresolved.
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Liberation Day Tariffs: Markets Plunge on Sweeping IEEPA Tariffs
Khan Capital | April 2025 Key Takeaways Track all markets on TradingView On the afternoon of 2 April 2025, President Donald Trump stepped into the White House Rose Garden and signed Executive Order 14257, invoking the International Emergency Economic Powers Act to impose the most comprehensive set of import tariffs in over a century. He…
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Market Concentration Risk: Top 10 S&P 500 Stocks at Record 38%
The top 10 S&P 500 stocks hit a record 38% of index weight. Why the diversification illusion created by passive investing is the most important structural risk investors need to recognise and actively manage.
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The Trump Trade 2.0: Sectors to Watch Under a New Administration
Trump’s decisive victory triggers the most significant post-election sector rotation in modern history. Which sectors win, which lose, and why the market is pricing the benefits before the costs.
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Trump Returns: The Market’s Reaction to a Second Term
The Dow surges 1,507 points to record highs as markets price in tax cuts, deregulation, and crypto-friendly policy. But the bond market tells a different story, and the macro starting point is nothing like 2017.
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August 5 Flash Crash: The Yen Carry Trade Unwind That Shook the World
The Nikkei crashes 12.4% in its worst day since 1987 as a 15-basis-point BoJ rate hike triggers the violent unwinding of an estimated $250-500 billion in yen carry trade positions. A masterclass in how hidden leverage and crowded trades can destabilise global markets.
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The AI Bubble Debate: Are We in a Tech Bubble or a Revolution?
Nvidia briefly becomes the world’s most valuable company as AI capex exceeds $200 billion. The answer to the bubble-or-revolution question is: both, and understanding why requires a framework beyond the binary debate.
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Nvidia’s AI Supercycle: The Chip Stock That Became a Market Force
Nvidia adds $277 billion in a single session as data centre revenue grows 409% year-over-year. How the chip company that defined the AI revolution built the deepest competitive moat in technology, and what the risks are at these valuations.