MacroStory Research | 2 September 2026 The U.S. 10-year Treasury yield is now around 4.80%, leaving just 20 basis points between today’s market and the psychologically important 5% threshold. But the real question is not whether the 10-year touches 5%. Markets can overshoot. The far more important question is what happens if it reaches 5%…

The dollar matters — but far less than the popular narrative suggests One of the most persistent narratives in global markets is straightforward: Dollar down = Bitcoin and gold up.Dollar up = Bitcoin and gold down. Directionally, there is some truth to this. Both assets are priced in U.S. dollars, both can benefit from concerns…

For decades, investors have relied on the CBOE Volatility Index — better known as the VIX — to measure market fear. But while the VIX captures expected volatility through options pricing, another market-based signal may offer an even clearer window into investor psychology: sector correlations within the S&P 500. When nearly every sector begins moving…

The ongoing disruption to energy flows through the Strait of Hormuz is emerging as one of the most consequential supply-side shocks for global energy markets in recent history. While financial markets continue to react sharply to every headline surrounding U.S.-Iran negotiations, the underlying structural damage to shipping logistics, production timelines, and regional energy infrastructure suggests…

The NASDAQ Composite has just delivered one of the strongest and most statistically unusual 30-day rallies in modern market history. For many investors, such extreme upside momentum immediately raises concerns of a market top. Conventional market psychology assumes that when prices rise “too far, too fast,” a sharp reversal must follow. History, however, paints a far more…

Gold has always been more than just a metal. And right now, it is glittering brighter than ever, up 42.9 percent in the past year.

The July 2025 CPI report confirmed what markets had been hoping for: U.S. annual inflation slowed to +2.7% year-on-year, still above the Federal Reserve’s 2% target but comfortably below recent peaks. However, beneath that headline lies a more stubborn challenge for policymakers — wage growth.   At +3.9% y/y, wages are still rising faster than prices, meaning real purchasing power…

The market is calm — for now. But is that a sign of strength or the eye of the storm?

After a turbulent first half of 2025, U.S. equities have surged to record highs.

If you had just woken up after a six-month digital detox, peeking at YTD returns in global markets might lull you into thinking 2025 has been a relatively uneventful year. But beneath the surface, the story is far more dynamic — driven less by earnings or innovation and more by shifting tides in currency markets…

Geopolitical shocks, especially military conflicts, present a particularly difficult challenge for investors—not because markets fail to price them in, but because they price them in too fast. While humans tend to focus on present chaos and fear, markets are already processing tomorrow’s possibilities. This divergence often leads to emotional, flawed investment decisions precisely when cool-headed…