LFA Publications

Source: Federal Reserve, ECB, Reuters; LFA calculations. Growth held up. The cost of capital rose. September did not bring a major deterioration in economic activity....

Foreign equity inflows helped fund the US trade deficit and support the dollar Equities cheer, Commodities hedge, Bonds warn August delivered positive returns across most...

Resilient growth, less forgiving markets July highlighted a growing divergence between a still-resilient global economy and increasingly demanding financial markets. Economic activity remained positive, the...

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...