World's Cheapest Country

Research

Citadel - After the Reset: Time to Focus on Fundamentals (23 pages)

Scott Rubner argues the equity market’s technical reset is largely complete, shifting attention from positioning back to fundamentals. Retail buying remains resilient, leadership is broadening, valuations look more supportive, and Q2 earnings—especially semiconductors—now determine whether the rally can continue.

Deutsche Bank - Mapping the World's Prices - 2026 (68 pages)

Jim Reid’s annual report examines how currencies, inflation, and housing have fundamentally reshaped global prices over the past decade. Japan has transformed from one of the world's most expensive economies into one of the cheapest, while Central Europe and Tel Aviv have rapidly repriced.

HSBC Asset Management - Navigating Geopolitical Shifts: Finding Opportunities in Frontier Markets (13 pages)

HSBC Asset Management examines why frontier markets have remained resilient despite rising geopolitical tensions. The paper argues recent volatility has widened valuation discounts without undermining long-term fundamentals, highlighting Vietnam and the Gulf Cooperation Council as beneficiaries of domestic reforms, infrastructure investment, and strengthening earnings.

One River Asset Management - The Perfect Hedge (14 pages)

One River Asset Management explains how risk mitigation can improve long-term compounding within a Total Portfolio Approach. The paper argues that long volatility, trend following, and selective diversifiers should be judged by portfolio-level outcomes rather than standalone hedge returns, even during historically strong equity markets.

Goldman Sachs - How Aging and Declining Populations Will Drive Product and Company Demand Tailwinds/Headwinds (53 pages)

Goldman Sachs examine how aging populations and declining fertility could reshape long-term demand across industries. Their Demographic-Driven Demand framework spans 3,000 companies, identifying healthcare, utilities, and consumer staples as potential beneficiaries while autos, tech hardware, airports, and public transit face demographic headwinds.

UBS - Global Wealth Report 2026 (46 pages)

UBS examines how household wealth changed across 56 markets in 2025. The paper finds global personal wealth reached another record after three consecutive years of growth, while strong financial markets and a weaker U.S. dollar widened the gap between average and median wealth.

Bonus Content

Once bitten: Why investors won’t buy back a stock that burned them. Link

AI Is globalizing many of the world’s stock markets. Here’s what that means for investors. Link

Are most portfolios are under diversified? Link

Schroders Equity Lens has 55+ charts on global markets through the halfway point of 2026. Link

Driven by a growing feeling that 9-to-5 jobs are a dead end, people are turning to social media to test out eccentric moneymaking schemes—along with a fair share of scams. Link

Are emerging market stocks a huge tech play? Link

Podcasts

Meb’s Corner

• Did you miss last week’s email?