The Great Rotation: Repricing the World

- 3 February 2026

This Weekly Wrap Lite is our end-of-week synthesis of what actually mattered in markets. We connect the biggest macro, policy and geopolitical catalysts to what moved across rates, currencies, commodities and equities. We also pressure-test our conclusions against a small set of high-signal thinkers, not to outsource judgment, but to sharpen it. We finish with a focused set of actionable ideas across stocks, ETFs and commodities; members receive the expanded shelf and deeper setups. Week-to-date snapshot

At the time of writing (Friday morning), a sharp East-West divergence had unfolded over the week-to-date. Hong Kong’s Hang Seng dominated the leaderboard with a 4.06% surge, while US Tech (NASDAQ -0.6%) served as the primary drag on global sentiment, finishing at the bottom of the pile, and the ASX200 was flattish after some modest ups and downs.

Cracks in the USD widened this week, gold blasted higher, with futures briefly hitting a stunning US$5,600/o...