As a systematic global macro investor, I try to look past headlines and focus on mechanics.
While most people will remember 2025 as the year of AI stocks, the bigger story was what happened to money itself—and how that quietly reshaped returns, capital flows, and wealth.
I break down how currencies, gold, equities, debt, politics, and the Big Cycle interacted last year—and what that may imply going forward in my recent newsletter, 2025.
You can read my latest article at the link in my bio . As always, I welcome your thoughts and suggestions.