The base case, from the IEA. Global data centres consumed about 415 TWh in 2024, 1.5% of world electricity, roughly…
1. Demand Megatrends FTSE Russell identifies two megatrends: AI and the energy transition. We quantify them as follows: A. AI…
The tightening of monetary policy by the Federal Reserve continues to negatively impact the gold market, with many analysts expecting…
Multi-engine analysis suggests that the closure of the Strait of Hormuz, leading to a supply shock of 20 Mb/d (20%…
1. CASH POSITION ANALYSIS Current Cash: $189B % of Assets: 18% (vs 10% normal, 15.5% avg pré-crise) Signal Strength: +16%…