Markets
Sectors and themes
Gold miners, emerging markets, and other corners of the market doing something unusual.
MarketsSectors and themes
Argentine equities: the quiet engine of our best trades
Argentine equity ADRs produced four of our best trades in three years. Here's the contrarian thesis, the names, and the lessons on sizing emerging-market trades.
Jun 3, 2026 · 8 min read
MarketsSectors and themes
Why gold mining stocks are outperforming the S&P 500 in 2026
Gold mining stocks are outperforming the S&P 500 in 2026 by a wide margin. Here's the margin-expansion math behind it and the names we own to play it.
May 20, 2026 · 8 min read