
The Flywheel
Small insights building on each other





3rd Quarter, 2024
A quick way to measure market risk is to follow trends in financial leverage.

Small insights building on each other
China is the greatest long-term adversary ever faced by the U.S.
Capricious intervention adds to market volatility.
Isolationism is not a path to sustainable economic growth.
Investment risks continue to become more diverse.
A quick way to measure market risk is to follow trends in financial leverage.
Markets have a poor record of pricing geopolitical risks.