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1 part · latest Saturday, 7 November 2026

Chokepoints: the narrow water under your portfolio

A special series about the handful of narrow stretches of water that almost all of the world's trade has to squeeze through — what happens when one of them closes, and how to tell a genuinely important development from a story that only sounds like one.

Read the series →1 part · latest Saturday, 7 November 2026

Reading Beijing: Chinese politics, and what it does to your money

A special series on how China's political machinery actually works — what can be known in advance, what genuinely affects a portfolio, and which of the headlines are just noise. Written for clients who hold China somewhere in their portfolio, which in Singapore is most of them.

Read the series →2 parts · latest Sunday, 8 November 2026

Trump's last two years: politics and your portfolio

A special series on what the 2026 midterm result means in Washington, and what it does and doesn't mean for markets and your investments.

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4 parts across 3 series. Catching up? Read from the bottom.

Sunday, 8 November 2026Trump's last two years: politics and your portfolio · Part 2 of 2American resilience, sorted — and the one place it cuts against youThe American system put itself right on schedule, with no crisis and no emergency. That is a real strength, and it is a good reason to stop reacting to frightening headlines. It is not a reason to put more money into America — and last week it worked directly against the most crowded investment idea in the world.Saturday, 7 November 2026Chokepoints: the narrow water under your portfolio · Part 1China found a sea route with no American base on it. It matters less than it sounds, and more than it looksIn August a Chinese container ship left for Britain and sailed north, over the top of Russia. It is the first regular route out of China that passes no American warship — and it carried a tiny fraction of the goods moving between Asia and Europe. Both of those facts matter.Saturday, 7 November 2026Reading Beijing: Chinese politics, and what it does to your money · Part 1China's next leaders are being chosen now, not in 2027 — and the policy is already written downA four-day meeting in Beijing expelled 33 senior officials and left five of the seven men who command China's armed forces gone. The useful part for an investor is not who fell, but what the timing tells you about the next five years.Friday, 6 November 2026Trump's last two years: politics and your portfolio · Part 1 of 2Trump just lost Congress. What history says happens nextPresidents have lost Congress mid-term many times. Five things almost always follow, and most of them matter less to markets than the headlines suggest.