German Inflation Jumps to Nine-Month High as ECB Ponders Outlook

Nov 28, 2025 | Markets

Germany’s inflation rate unexpectedly rose to the highest level in nine months, offering a reminder before the European Central Bank’s final meeting of the year that risks to price stability remain. The reading came in at 2.6% in November, up from 2.3% last month,...

The Railway Bubble vs. the AI Bubble

Nov 25, 2025 | Markets

Everyone is trying to put the massive AI spend by technology companies into context. The easiest historical analogies are the telecomm buildout in the 1990s dot-com bubble and the railway bubbles of the 1800s. Each period was defined by excessive infrastructure...

How the K-Shaped Economy Is Hurting Everyone But the Rich

Nov 24, 2025 | Markets

Talk of the K-shaped economy is brewing once again. The moniker first gained traction in 2020 to describe the divergence between how rich and poor Americans were experiencing the pandemic recovery. Now, with consumption increasingly concentrated in the top echelons of...

UBS’ Romano Says Rotation Out of US Stocks Is Likely Done

Nov 24, 2025 | Markets

The selloff in US stocks may have run its course, setting the stage for a year-end rally, according to UBS Securities’ trading desk. Stocks slumped last week as investors questioned the prospect of further Federal Reserve policy easing and rotated out of the crowded...