LFA Publications

INDICATIVE TERMS — SUBJECT TO FINAL TERMSHEET This is a marketing communication prepared by LFA SA, a SEC-registered investment adviser. It is a summary only...

AI-related capital spending has tripled in five years — and it is still accelerating. Five balance sheets now carry roughly 30% of market-wide capex, and...

Is the AI spend cycle a massive opportunity—or a mounting risk? AI-related capital spending has tripled over the past five years, with just five balance...

2026/July Click Here to Download the PDF Version “A good parent protects their child. A good parent lets their child face risk.  Two truths that...

• AI, Oil and Interest Rates drove markets in June• Growth remained resilient in June• AI-related investment themes continue to evolve as companies increasingly report...

The Battle Between Inflation and Artificial Intelligence The key themes we highlighted in April remain largely unchanged. Markets continue to be driven by the tension...

Recent Weakness Reflects Macro Pressures More Than Geopolitical Dynamics Despite its longstanding reputation as a potential safe-haven asset against geopolitical risk and inflation, gold has...

From Shock to Complex Stabilization April 2026 marked a transition from the geopolitical shock of March toward a more stable—though still uncertain—macro environment. While tensions...

Click Here to Download the PDF Version “An eye for an eye only ends up making the whole world blind.” – Mahatma Gandhi, Indian Politician/Filosopher/Lawyer...