Despite gold’s price dip in September, sector fundamentals look solid: producers are reporting near-record margins, strong balance sheets, and management teams focused on execution.

Flávio Bolsonaro's first-round lead sent Brazilian stocks surging. We explain why rates and fiscal policy matter more than the winner.

Market breadth narrowed sharply in September as technology was the only sector to gain, weighing on the equal-weighted Moat Index and the SMID Moat Index after a strong summer of outperformance.

The 3Q Moat Index review cut software that rallied after March’s AI reassessment and added cheaper Mag 7 exposure via Meta and Alphabet. Index stays underweight mega-cap tech and value-biased.

Anthropic CEO published a letter calling for an AI slowdown. We explain how the industry reacted, and what this means for investors.