APAC stocks were mixed amid trade uncertainty as the region digested the latest tariff developments after the US Supreme Court ruled against IEEPA tariffs on Friday, prompting President Trump to impose a global 10% flat-rate tariff, which he later raised to 15% over the weekend.

One incident in mid-December led to a 13-hour interruption affecting a tool customers use to analyse AWS spending.

The move reflects broader unease over market volatility...

The Supreme Court decision to strike down IEEPA will have significant consequences to the US economy, public policy and markets. Here is how two of the largest US banks expect the decision to trickle down. 

The rates market is struggling to price the near term positive growth backdrop when the forward picture is so muddy...

Persistently strong growth in the US means that if inflation does not start to show a downtrend in the next couple of months, those rate cuts will come into question, and with them, the outlook for the dollar.

"Rock the Geopolitics = trade oil, own gold."

Net cash position amongst Mutual funds are now close to record lows at 1.1% of assets...

...room for sharp under-the-hood moves to continue given still elevated US HF gross leverage & high thematic/factor vol... Against that backdrop, diversification into rest of world trades continues to make sense...

The turnover has ushered in the largest cohort of new chief executives in more than a decade, and they’re arriving younger and, in many cases, with thinner résumés than their predecessors.

Relative to prior Software sector corrections, the 2026 YTD one is squarely anchored to terminal value debates...

...while the economy and markets often have a symbiotic relationship, the market is not the economy.

In retrospect, if only Cantor Fitzgerald was called PolyCantor, none of this would have happened.

"The offer price is expected to be at a 20-35% discount to the most recent estimated net asset value. "

REAR VIEW: SCOTUS strikes down Trump IEEPA tariffs; In response, Trump announces new 10% global tariff & will go "even stronger"; Trump considers limited strike on Iran; Hotter-than-expected Dec. PCE report, Q4 PCE figures also hot; GDP Adv Q4 misses expectations, weighed by govt spending amid shutdown; US S&P Global Flash PMIs unexpectedly falls; UoM underwhelms, although inflation expectation also dip; Fed's Bostic thinks neutral is 25-50bps below current rate; Fed's Logan thinks policy is well positioned; Fed's Musalem says real FFR is at or below neutral rate; CRWV credit concerns arise after OWL fails to secure data centre financing.

'Head on a swivel' was the theme of the week...

"Most of the earnings increase comes from unrealized gains in consolidated..." 

On certain days this feels like the dawning of some very harsh realities; on other days it feels indiscriminate and imprecise...