AP Research | Substack

Everthing Else Is Secondary

A weekly look at what matters and how to trade it.

Oct 26 • AP Research

The Price of Being Right

Central banks take centre stage, but the forces driving the dollar, euro, and pound extend well beyond interest rates.

Oct 22 • AP Research

Disturbing the Peace

A weekly look at what matters and how to trade it.

Oct 19 • AP Research

Buying the Promise, Waiting for Proof

The Brazil trade all comes down to delivery.

Oct 15 • AP Research

A weekly look at what matters and how to trade it.

Oct 12 • AP Research

Most Popular

A Chink in Gold's Armour

Mar 26 • AP Research

A Bounce Without Belief

Apr 6 • AP Research and Macro Charts

Global Primer Series: Cross Currency Basis

Apr 27, 2025 • AP Research

Global Primer Series: STIR Trading

Mar 16, 2025 • AP Research and DCP cooks

More Research...

AP Research Now Available on Bloomberg

Terminal access to our research is now included in your subscription at no additional cost.

Oct 8 • AP Research

No Country for Low Yields

A weekly look at what matters and how to trade it. (October 5)

Oct 5 • AP Research

Convexity looks compelling at 5%+, but the payoff still needs a catalyst.

Sep 30 • AP Research

For Whom the Yield Tolls

A weekly look at what matters and how to trade it. (September 28th)

Sep 28 • AP Research

When Hawks Fly, Doves Cry

A weekly look at what matters and how to trade it. (September 21st)

Sep 21 • AP Research

AP Research

AP Research

An independent cross-asset platform focused on global macro and thematic investing, translating market developments into actionable positioning and asset allocation ideas.

Recommendations

Cassandra Unchained

Michael Burry

Eliant’s Exploits

Eliant

Cubic Analytics

Caleb Franzen

Global Macro Method

Global Macro Method

Cluseau Research

Cluseau Research

Links

APFX - Institutional Research

Week Ahead

Everthing Else Is Secondary

A weekly look at what matters and how to trade it.

Oct 26 • AP Research

Disturbing the Peace

A weekly look at what matters and how to trade it.

Oct 19 • AP Research

A weekly look at what matters and how to trade it.

Oct 12 • AP Research

No Country for Low Yields

A weekly look at what matters and how to trade it. (October 5)

Oct 5 • AP Research

For Whom the Yield Tolls

A weekly look at what matters and how to trade it. (September 28th)

Sep 28 • AP Research

When Hawks Fly, Doves Cry

A weekly look at what matters and how to trade it. (September 21st)

Sep 21 • AP Research

Bonds, Sinking Bonds

A weekly look at what matters and how to trade it. (September 14th)

Sep 14 • AP Research

So-Called “Bessent Put”

A weekly look at what matters and how to trade it. (September 7th)

Sep 7

Market Memo

The Price of Being Right

Central banks take centre stage, but the forces driving the dollar, euro, and pound extend well beyond interest rates.

Oct 22 • AP Research

Buying the Promise, Waiting for Proof

The Brazil trade all comes down to delivery.

Oct 15 • AP Research

Convexity looks compelling at 5%+, but the payoff still needs a catalyst.

Sep 30 • AP Research

The Prisoner’s Dilemm-AI

What “pacing the frontier” means for rivals, China, capex, and the equity trade.

Sep 17 • AP Research

Alibaba - Funding the Frontier

Why Alibaba is accepting dilution to accelerate AI, and what the fundamentals say about the trade-off.

Aug 26 • AP Research and TacticzHazel

C For “Circularity”

Would the demand be equivalent if the financing available to these buyers were any different?

Aug 12 • AP Research

Autopsy on the AI Selloff

Down, but not out.

Aug 1 • AP Research

Maradona Theory

Credible hawkishness makes the next hike less necessary.

Jul 14 • AP Research

AP Research

An independent cross-asset platform focused on global macro and thematic investing, translating market developments into actionable positioning and asset allocation ideas.

About Archive Recommendations Sitemap

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts