The Macro Frame

UK Housebuilders Have Been Left for Dead

A new catalyst could trigger a turnaround

Sep 27 • Matthew N

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Argentina in the Copper Bull Market

Improving investment conditions unlock some of the world’s largest undeveloped copper resources

Sep 20 • Matthew N

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August 2026

Africa in the Next Commodities Bull Market

Which countries possess the critical resources the world increasingly needs, and where does the value accrue?

Aug 23 • Matthew N

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July 2026

The Problems with "VOO and Chill"

Why the Next Decade of Real S&P Returns Won't Look Like the Last

Jul 1 • Matthew N

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May 2026

Camino Contradictions

Walking the Portuguese Coastal route produces paradoxes, and here are the ones it handed me

May 14 • Matthew N

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April 2026

The Energy Crisis Is Diffusing into Grain Markets

How the energy shock is moving through fertiliser and setting up a potential repricing in wheat and corn

Apr 3 • Matthew N

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March 2026

Markets in the Fog of War

Crisis narratives that form, spread, and mislead investors

Mar 11 • Matthew N

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February 2026

PayPal: Investor Pain Becomes Opportunity

A Contrarian Setup in Plain Sight

Feb 18 • Matthew N

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Bitcoin: Is the Bottom In?

A framework for assessing whether a 50% drawdown marks a correction or the start of a new bear market

Feb 6 • Matthew N

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Oil, gas, nuclear and coal are misunderstood and undervalued

What are the implications for investors?

Feb 3 • Matthew N

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January 2026

Why Everything Made of Metal Is Going Up

What the metals rally reveals about human behaviour, money, geopolitics, and supply

Jan 14 • Matthew N

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December 2025

STRC: How Far Can Confidence Stretch?

Understanding the confidence flywheel behind Strategy’s preferred shares

Dec 20, 2025 • Matthew N

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