Thanks to visit codestin.com
Credit goes to globalmacroequity.substack.com

Keith’s Substack

Keith’s Substack

Home
Notes
Global Market Watch
Archive
About
Impactfull Weekly #19: Guochao 2 - Chinese video games take over
Tencent & NetEase dominate a domestic $50B market, but trade at 55% discounts to US & JP. Regulatory headwinds are easing up, making it a great time to…
 • Keith Bortoluzzi
Impactfull Weekly #18 - Brazil housing boom: flash in the pan or Lula’s masterstroke?
Despite Brazil’s interest rates at 15%, 8.5m unit housing deficit, 50%+ middle-class penetration rate, accelerating credit growth via it's payments…
 • Keith Bortoluzzi
November 2025 — Pricing peace
Monthly performance: -2.0% vs -0.5% (MSCI ACWI) YTD: +22.5% vs +8% (MSCI ACWI, EUR), +35% in USD.
 • Keith Bortoluzzi
Impactfull Weekly #17 - Copper is the new oil
Copper almost hit $11,300 per tonne today, marking an all-time high and a 30% surge year-to-date.
 • Keith Bortoluzzi
Impactfull Weekly #16 - Uranium: underpriced commodity for a nuclear future
Uranium trades at ~$75-80/lb today. Roughly half the $150/lb needed to incentivise new mine development, while reactor demand grows 28% by 2030 and…
 • Keith Bortoluzzi
Impactfull Weekly #15 - M&A is back
Investment banks are on track to print $4T in deal value with record bonuses to go out after three brutal years, just as markets start to show cracks.
 • Keith Bortoluzzi
Impactfull Weekly #14 - Inflection for Insurers?
While Wall Street chases NVIDIA earnings, countercyclical specialty insurers are printing 21% returns at 10-15x earnings
 • Keith Bortoluzzi
Keith’s Substack
Keith’s Substack
My personal Substack

Keith’s Substack

AboutArchiveSitemap
© 2026 Keith Bortoluzzi · Privacy ∙ Terms ∙ Collection notice
Codestin Search App Start your SubstackGet the app
Substack is the home for great culture