Real assets
The desks
Real-asset reads, written with each morning brief. Each takes the day’s developments and says what they mean for the asset rather than for the index.
Shipping
Freight, chokepoints and the cost of moving cargo — read daily against the lanes that carry it.
Aviation
Carriers, fuel and the aircraft cycle — where the cost of flying meets the cost of capital.
Energy
The barrel, the molecule and the infrastructure between them — supply, policy and the price.
Infrastructure
Ports, grids, pipelines and the concessions that fund them — long assets against a long rate.
Real estate
Property against the discount rate — where financing cost decides what a building is worth.
Art
The art market as an asset — what sells, what does not, and the financing conditions behind both.
Commodities
Metals, energy and the positioning behind them — who already owns the trade, and what that does to the next move.
Yachts
The large-yacht market — new builds, charter and the safe return a buyer gives up to own one.