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CIO Corner
Weekly Investment Themes
Navigate the market landscape using CIO Office's Weekly Investment Themes, highlighting the week's crucial themes.
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AI Earnings, Yen Jitters & Fed Watch
January 27, 2026
Big Tech earnings from Meta, Microsoft, and Apple this week need to "beat and raise" to drive shares higher, while Asian AI stocks offer better valuations. The yen sparked market volatility on Friday on intervention signals, and the dollar's continued weakness (down 1.3% YTD) supports diversifying into Asian markets. Trump's Middle East naval deployment sent oil up 3% on fears Iran could disrupt 20% of global supply, while gold eyes $5,100 on geopolitical uncertainty. The Fed meeting looks uneventful with 95% odds of no change, but Rick Rieder emerges as the favored candidate for Fed chair.
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From Greenland to Gold
January 20, 2026
It has been an interesting start to the year. When we wrote our outlook in mid-December, we never expected such a geopolitics-heavy start to the year. Following Venezuela and Iran, focus has now entirely moved to Greenland with markets still expecting the TACO playbook to play out over the next few weeks. This is amidst questions around Fed independence and who will be the new Fed chair, politics in Japan, and earnings season in many parts of the world.
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Geopolitical Heat Driving Markets
January 13, 2026
The year so far has brought heightened geopolitical tensions from Trump's Greenland ambitions and Iran warnings, plus unprecedented DOJ pressure on Fed Chair Powell. These dynamics boosted precious metals to record highs while pressuring the dollar. Despite volatility from the Fed probe and awaited CPI data, resilient opportunities can come up across commodities, select equities, and FX. Selective positioning is key.
Contributor
Julia Wang
CIO North Asia
Disclaimer
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IWM CIO Corner Disclaimer
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