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War Premium Unwinds, But Structural Risks in Global Equities Persist

When U.S. and Israeli forces launched strikes on Iran on February 28, 2026, triggering the closure of the Strait of Hormuz, equity markets reacted with severity. The MSCI All Country World Index fell 7.1% in March alone, while the S&P 500 declined 5% in …

Nitish Kishor | 21 April 2026

Microsoft and Meta: Can AI Capital Expenditure Justify Earnings Expectations?

April 29, 2026 carries unusual weight in equity markets. Two of the most capitalised technology companies in the world, Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META), will simultaneously report their latest quarterly financial results. The reports arrive at a moment when institutional investors are beginning …

Nitish Kishor | 21 April 2026

CAPE Portal Goes Live as $166 Billion Tariff Refund Race Begins

U.S. Customs and Border Protection activated Phase 1 of its consolidated refund system on April 20, 2026, opening the first formal channel for roughly 330,000 importers to recover duties paid under IEEPA tariffs ruled unlawful by the Supreme Court in February. Refunds are expected …

Nitish Kishor | 21 April 2026

Why Did Apple Choose John Ternus, a Hardware Engineer, as Its Next CEO?

Apple (NASDAQ:AAPL) has named hardware chief John Ternus as CEO, succeeding Tim Cook in September 2026. An analytical look at the strategic risks, AI challenges, and valuation implications of this leadership shift.Key HighlightsJohn Ternus, Apple's hardware engineering chief, will succeed Tim Cook as CEO …

Nitish Kishor | 21 April 2026

US Sector Momentum Analysis: Tech Anchors the Market as Cyclical Value Attempts a Base

The US sector rotation on April 20, 2026, reveals a market in a state of highly localized structural repair. The Relative Rotation Graph (RRG) highlights a defining reality: while secular growth (led by mega-cap Tech) continues to effortlessly dominate the top of the board, …

Robert Luong | 20 April 2026

US Sector Performance Analysis: Cyclicals Regain Footing While Defensives Plunge

The US equity market session on April 20, 2026, showcased a subdued, fragmented, and highly rotational trading environment. Rather than a unified directional surge, institutional capital engaged in a quiet reshuffling—locking in recent gains from high-beta consumer and digital growth names to fund a …

Robert Luong | 20 April 2026
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