Keith Bortoluzzi

Brazil housing boom, flash in the pan or Lula's masterstroke?

Despite Brazil's interest rates being at 15%, the 8.5 million unit housing deficit, 50%+ middle-class penetration rate, and accelerating credit growth via Brazil's payments system have made housing widely accessible to its growing population.

December 12, 2025 at 11:27 pm

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. Mining companies won't green light new projects until copper reaches $12,000 per tonne. We're still 6% short, but the market is already pricing in scarcity for good reason.

December 03, 2025 at 12:05 am

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 annual production barely covers today's consumption.

November 28, 2025 at 10:14 pm

Dealmakers' revenge: M&A is back from the dead

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.

November 18, 2025 at 11:08 pm

Inflection for Insurers?

While Wall Street chases NVIDIA earnings, countercyclical specialty insurers are printing 21% returns at 10-15x earnings

November 13, 2025 at 10:49 pm

The next 10x trade? Forget AI, it's Argentina

While everyone piled into Nvidia, Argentina's stock market has rallied 250% in two years. The US government believes that this is only the beginning with their $40B bet.

November 07, 2025 at 10:37 pm

ImpactFull Weekly - Asian CDMOs boom

Welcome to this week's edition of ImpactFull Weekly, where we analyse strong and weak signals across asset classes, connecting the dots of what we are seeing unfold in the global markets. This week, we turn our attention to CDMOs, or contract development and manufacturing organisations, which stand out in the pharmaceutical industry by combining drug development and industrial-scale production under one roof. CDMOs thus offer laboratories an integrated solution that speeds up time to market while ensuring regulatory compliance.

October 01, 2025 at 02:13 am

ImpactFull Weekly #11 - OpenAI goes Vertical

Welcome to this week's edition of Impactfull Weekly, where we analyse strong and weak signals across asset classes, connecting the dots of what we are seeing unfold in the global markets.

October 27, 2025 at 11:33 pm

ImpactFull Weekly - Gold: from commodity to dedollarisation champ

Welcome to this week's edition of ImpactFull Weekly, where we analyse strong and weak signals across asset classes, connecting the dots of what we are seeing unfold in the global markets.

October 14, 2025 at 08:13 pm

ImpactFull Weekly - OpenAI's Infra Play

Welcome to this week's edition of ImpactFull Weekly, where we analyse strong and weak signals across asset classes, connecting the dots of what we are seeing unfold in the global markets.

October 07, 2025 at 04:52 pm

ImpactFull Weekly - Japanese Corporate Renaissance

Welcome to this week's edition of ImpactFull Weekly, where we analyse strong and weak signals across asset classes, connecting the dots of what we are seeing unfold in the global markets.

September 24, 2025 at 04:14 pm

Impactfull Weekly #7 - Korean Market Reforms

Welcome to this week's edition of Impactfull Weekly, where we analyse strong and weak signals across asset classes, connecting the dots of what we are seeing unfold in the global markets.

September 10, 2025 at 08:14 pm