Icarus Asia Research
Research and commentary by Icarus Asia Research, published on Asian Value Investor.
Deep Dive · Markets · Global · 4 Jun 2026
Short sellers make markets more honest. A fraud conviction, a decade of relentless equity gains, and an army of Reddit traders are pushing them out of the business — and the costs are going to be felt by investors who never once thought about short selling.
News · Markets · India · 4 Jun 2026
Short sellers exposed Enron, Wirecard and Nikola years before regulators caught up. A fraud conviction, a decade of rising stocks, and a Reddit mob have pushed them out of the business. The gap they leave is real.
News · Macro · US · 3 Jun 2026
The new Fed Chair's Shift to Trimmed-Mean PCE Could Reshape Monetary Policy, But Markets Are Already Skeptical
News · Macro · US · 3 Jun 2026
How the Fed's switch to trimmed-mean PCE could reshape monetary policy, and where it breaks down.
News · Rates & FX · US · 2 Jun 2026
Kevin Warsh wants to change how the Fed measures prices. Critics say he is choosing the gauge that happens to justify cutting rates.
News · Markets · Global · 1 Jun 2026
A veteran market analyst maps the parallels between 2026's AI rally and the dot-com peak of 2000 -- and explains why the differences don't fully close the gap.
News · Ideas · Global · 29 May 2026
Chris Olah, speaking at Pope Leo XIV's encyclical launch, urged religious and civil voices to act as external critics of an industry shaped by "pride and ambition"
News · Policy · US · 28 May 2026
The New York Fed survey finds nearly 1 in 5 low-income households can't afford enough to eat -- while consumer optimism among the food-insecure has collapsed to record lows, even as headline economic data stays broadly…
News · Rates & FX · Japan, US · 27 May 2026
Japanese Prime Minister Sanae Takaichi may have bought time by announcing extra spending to tide over high prices. But her willingness to spend is being closely watched by investors around the world as it signals danger…
News · Markets · US · 26 May 2026
On the morning of May 20, a 277-page document landed on the Securities and Exchange Commission's servers, and for a few hours it triggered intense market speculation and commentary across financial media.
News · Markets · US · 25 May 2026
Nearly two decades after the financial crisis, Wall Street is rebuilding the same web of complex models and opaque instruments that nearly destroyed the system. History suggests the outcome will be identical.
News · Policy · Global · 23 May 2026
Mythos, the name given by Anthropic to its highly capable, unreleased cybersecurity-focused frontier model because the word represents stepping "beyond the boundaries of the known," has proved exceptionally good at…
News · Rates & FX · Hong Kong, US · 21 May 2026
A signal buried in market data is flashing again -- and this time, inflation isn't letting up.
News · Ideas · Japan, India · 21 May 2026
Deep Dive · Markets · Global · 20 May 2026
U.S. stock–bond correlations have shifted toward negative territory in May 2026 amid renewed inflation pressures and a paused Fed easing cycle — a meaningful risk-state signal that warrants measured portfolio adjustment, not a wholesale risk-off pivot.
