SGMS Market Research
Research
The weekly Market Recap, articles and equity research by our analysts.
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Semi-Liquid, Fully Stuck
Private credit sold wealthy investors funds with an exit. In 2026 they tried to use it, all at once. Why it matters beyond Wall…
7 min read -
Plenty, Just Not Here
On paper the world has enough copper. Chinese buyers are paying the most in 13 years to get some. Why both are true, and…
7 min read -
Safe Haven’t
War and inflation are back, so gold should be booming. Instead it is down about 10% this year. What is driving it, and what…
6 min read -
Fear by the Barrel
Goldman Sachs says about $27 of the oil price is pure fear. How you measure it, what it costs the world, and whether it…
7 min read -
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Limited Offer, While Stocks Last
Anthropic’s IPO filing shows spectacular growth and a first profit. It also shows why the company chose to sell now, before the bill arrives.
13 min read -
C’est la Dette
France now pays more to borrow than Italy. How the eurozone’s second economy got here, and why the bill keeps growing.
6 min read -
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Cloudy With a Chance of Default
AI data centers are being built on borrowed money, and the debt is being sliced, rated and sold on to pension funds, insurers and…
7 min read
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