Buttonwood
Our column on financial markets offers expert analysis and perspectives on global finance, market trends and investing

Finance & economics
Investors beware: summer madness is here
This year’s hottest months are shaping up to be especially wild

Finance & economics
Why investors are unwise to bet on elections
Turning a profit from political news is a lot harder than it looks

Finance & economics
Why investors have fallen in love with small American firms
The Russell 2000 puts in a historic performance

Finance & economics
The dangerous rise of pension nationalism
Pursuing domestic investment at the expense of returns is reckless

Finance & economics
America’s banks are more exposed to a downturn than they appear
To understand why, consider the ouroboros theory of financial risk

Finance & economics
American stocks are consuming global markets
That does not necessarily spell trouble

Finance & economics
Think Nvidia looks dear? American shares could get pricier still
Investors are willing to follow whichever narrative paints the rosiest picture

Finance & economics
Has private credit’s golden age already ended?
A more competitive market is a less profitable one



Finance & economics
Boaz v BlackRock: Whoever wins, closed-end funds lose
Farewell to a financial mystery


Finance & economics
Banks, at least, are making money from a turbulent world
It is once again a good time to work on a trading desk

Finance & economics
What campus protesters get wrong about divestment
Will withdrawing money hurt Israel?

Finance & economics
How far could America’s stockmarket fall?
With the prospect of cheaper money receding, shares look unusually vulnerable

Finance & economics
Why the stockmarket is disappearing
Large companies such as ByteDance, OpenAI and Stripe are staying private