Aerial drone view of beautiful caribbean tropical island Cayo Levantado beach with palms and boat. Bacardi Island, Dominican Republic.
By Ben Underhill
The Emerging View

The case for frontier debt

It’s a catchy axiom that “frontier markets are what emerging markets used to be,” and there’s some truth to it. As emerging markets (EMs) grow and become more interconnected with the global economy, they are increasingly more efficient and correlated...

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A blue and white argentinian flag with a yellow sun sits on a pole. The sky is clear and blue, with a few clouds scattered throughout. The flag is waving in the breeze, giving the impression of a sunny day.
Weekly investor research

Viva la Libertad!

US–China agree trade framework; China prioritises tech and posts 22% y/y profit rebound. US sanctions Russian refineries. BI seen easing to ~3.5%. SK–US talks stall. Argentina’s ruling party wins midterms. Moody’s puts US tariffs on Mexico at 7.5%.
Oil rig production platforms at sea
Weekly investor research

Oil goes contango

US private-credit failures lift risk; oil flips to contango; Trump reverses Ukraine Tomahawks; Israel-Hamas truce collapses after 2 Israeli soldiers shot; China credit weak; S Korea tightens property; US $40bn for Argentina; Mexico eyes excise hikes.

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