If 2025 taught us anything, it's that economic coherence isn't guaranteed. We spent much of the year navigating data that made sense individually but just didn’t reconcile when viewed as a whole. Labor markets weakened with rising unemployment, yet consumer spending held firm. AI capex ran hot while housing sat in recession. Policy alternated between […]
In the past, we've used the phrase "see the forest for the trees," and that's probably never been more relevant than today. The current environment presents extraordinary levels of market noise – trends that appear sustainable but aren't, fundamentals that seem weak but prove resilient, and policy impacts that look benign but carry meaningful consequences. […]
In our latest Doxa Takes episode, we explore why 2025's economic story might be more nuanced than the headlines suggest. While the narrative of resilience remains intact - backed by steady consumer spending and moderating inflation - we're seeing signals that warrant a more vigilant approach to risk management in the year ahead. The foundation […]
In big geopolitical events, anxieties are high, conflicting headlines are the norm, and everyone anchors to the worst-case scenario. Sometimes there are lasting effects, sometimes the world has moved on in 3 weeks. It’s really hard to know, and that’s why market volatility soars. Secondly, markets experience 10%+ drawdowns about every two years – and […]
