THE MACRO GPS

So recently, we bought the BYD Seal. Honestly, I didn’t expect to be this impressed. It’s quiet, fast, and the 10-year warranty gives me peace of mind. But what really excites me is how this tie into my broader bet on China’s EV and clean energy dominance.

My lean toward Chinese EVs and clean energy is rooted in both conviction and macro clarity. I see China not just as a manufacturer, but as a systemic force reshaping global mobility and energy infrastructure. Companies like BYD and CATL exemplify the value proposition I’m betting on: vertically integrated supply chains, aggressive innovation, and policy-aligned growth. My investment thesis is reinforced by their expanding market share, resilient export momentum, and cost leadership in battery tech.

At the same time, I’m also tilting toward clean energy sectors—especially in China’s waste-to-energy and clean energy verticals—where valuation remains attractive and the geopolitical tailwinds are undeniable. This isn’t just about ESG optics; it’s about positioning ahead of a global capital rotation toward scalable, inflation-resilient assets.

So, what does this mean for us, as investors?

It means leaning into resilience. We’re keeping exposure to gold as a core hedge — it’s been steady while everything else wobbles. We’re shifting our focus toward Asia’s growth stories, away from overleveraged, slow-growing economies. And we’re tilting into dividend plays where the yield outpaces inflation — especially here in Asia.

Let’s dive into this month’s issue. We’ll walk through our asset allocations, the key indicators, unpack what they mean for your portfolio, and explore how to navigate what might be a new phase for the global economy—one that rewards adaptability more than certainty.

Thanks for being part of this journey.

Sincerely,