Melting Point

Gallium melts at 29.76°C — just below body temperature. Hold it in your hand and it changes state. Markets work the same way. Shifts rarely announce themselves; they emerge when a few degrees of pressure accumulate unnoticed. Melting Point is where we examine the conditions, the catalysts, and the thresholds that precede regime change — in macro, in markets, and in the assumptions most portfolios are built on.

July 30, 2026

Two Trades One Selloff What the AI Repricing Data Actually Supports

Semiconductor stocks are four sessions into a rout and the Nasdaq 100 is at the edge of a correction. The bearish case has real, dated, quantified data behind it. That data says the memory price cycle has rolled over and the financing is getting expensive. It does not say AI demand is falling. Those are separate trades, and this month they have been sold as one.
April 9, 2026

Navigating Turbulent Geopolitics to Stay the Course on Sustainable Investment

The Hormuz crisis has done in six weeks what a decade of climate policy could not. Asia's energy security imperative and the structural case for sustainable investment are now the same argument — and the policy responses unfolding across the region confirm it.