Geopolitical risk rises. Growth slows. Inflation remains persistent.

And yet, capital continues to flow into artificial intelligence at historic scale.

This week exposed a quiet tension within markets: while macro fundamentals impose constraints, the infrastructure race in technology moves forward with multi-billion-dollar commitments and long-dated capital structures that extend beyond the cycle.

The question is no longer simply “where is growth heading?”

It becomes: who can sustain growth in an environment of elevated political risk and still-restrictive capital costs?

In this week’s report, we examine how geopolitics, monetary policy and the economics of computation are now interacting simultaneously and why this intersection is redefining global allocation balance.

Read the full report.