Event NA Drop-in: Is the AI bubble already deflating? 11th November 2026, 3:00PM GMT There was a big rally in equities the day after the mid-terms but the AI equity boom still looks under pressure. A week on from the results, we consider whether the AI-driven equity rally is ending...
Capital Daily AI boom runs into US politics buzzsaw Growing fears about the sustainability of the AI buildout in the context of the major shift in US politics have led to another bruising day for tech stocks. Whether the mid-terms shock turns out to be... 5th November 2026 · 4 mins read
Capital Daily Three key points on the blue tsunami & US markets While the equity market has, in aggregate, reacted positively to the US mid-term election results, the extraordinary gains for the Democratic party poses another potential headwind to the AI trade... 4th November 2026 · 5 mins read
US Rapid Response US ISM Services (Oct. 2026) The small fall in the ISM services index suggests activity in the sector lost some momentum at the start of the fourth quarter. Together with the increase in its manufacturing counterpart, this leaves... 4th November 2026 · 2 mins read
Canada Rapid Response Canada International Trade (Sep. 2026) The further widening of the goods trade surplus to a more than four-year high in September was not quite as positive as it looks, as it was almost entirely due to a price-driven rise in energy exports... 4th November 2026 · 2 mins read
US Rapid Response US International Trade (Sep. 2026) The negligible narrowing in the trade deficit in September, as export growth barely outpaced import growth, is broadly consistent with the BEA’s assumptions in its advance estimate of Q3 GDP... 4th November 2026 · 2 mins read
US Economics Update Blue tsunami in midterms increases policy risks for markets The magnitude of the gains for the Democrats in the midterms does not change too much for the near-term policy outlook, given the party still lacks a filibuster-proof majority in the Senate and... 4th November 2026 · 4 mins read
Capital Daily AI worries have broadened With a double-digit fall in oil prices failing to lift the IT sector and more firms being caught up in the AI bust, there is growing evidence that this downturn in AI stocks may prove more durable... 3rd November 2026 · 4 mins read
US Commercial Property Update Recent losing metros showing signs of turning the tables The fortunes of some of the best- and worst-performing metro labor markets of recent years are starting to turn. San Francisco is resurgent, Miami is faltering and D.C. is hemorrhaging office jobs... 3rd November 2026 · 4 mins read
US Rapid Response US ISM Manufacturing (Oct. 2026) The rise in the ISM manufacturing survey in October suggests that activity in the sector gained some momentum at the start of the fourth quarter, thanks in part to the ongoing AI buildout. The drop... 2nd November 2026 · 2 mins read
Capital Daily The bond market’s troubles may be drawing to a close We continue to think that less-hawkish-than-expected monetary policy and the bursting AI bubble will give bonds a further boost over time. 2nd November 2026 · 5 mins read
US Economics Weekly AI trade is driving interest rate expectations Despite this week’s largely as-expected Fed October policy meeting and data showing strong GDP growth and persistent inflationary pressures, investors have pared back interest rate expectations as the... 30th October 2026 · 5 mins read
Capital Daily Capex concerns cast a darkening shadow over the S&P 500 Today’s ‘tech-led’ rout in the S&P 500 follows recent results from four of the US hyperscalers that were also mostly poorly received. The sombre mood seems largely to reflect investors’ growing... 30th October 2026 · 4 mins read
Canada Economics Weekly Can the economy really withstand higher rates? With its hike this week, the Bank of Canada judges the economy to be able to withstand tighter monetary policy, allowing it to prioritise the upside risks to inflation. However, with GDP growth... 30th October 2026 · 5 mins read
Canada Rapid Response Canada GDP (Aug. 2026) The unchanged GDP reading in August and projected 0.1% m/m fall in September implies that the economy grew by 1.3% annualised in the third quarter. This is not only far below the Bank of Canada’s... 30th October 2026 · 2 mins read
Commodities Focus What to make of broadening US energy dominance? The US is evolving from an oil superpower into a broader energy superpower, increasingly underpinned by gaseous fuels such as natural gas and LNG. In addition to increasing the US’s control over... 29th October 2026 · 17 mins read
