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Published Research Examples

My thoughts on currencies

By Stephen Jen | April 22, 2025

The future trajectory of the Trade War remains highly uncertain, with too many permutations for us to plan for…

FT: Is the world losing faith in the almighty US dollar?

By Stephen Jen | April 17, 2025

Amid the market’s abrupt turn away from the “American Exceptionalism” narrative, Stephen Jen delivers a sharp and timely perspective on the dollar’s path.

The Risks of Export Dumping by China

By Stephen Jen | April 15, 2025

As tensions between Washington and Beijing escalate, Stephen Jen and Joana Freire explore a powerful second-order consequence: the redirection of Chinese

The Long-Awaited Dollar Correction Finally Commencing

By Stephen Jen | April 7, 2025

We ceased to be dollar-positive some two years ago and stressed our bearish view on the dollar throughout H2 2024.

A Strong Core Europe = Higher Centrifugal Force

By Stephen Jen | March 18, 2025

Europe’s cyclical outlook is finally brightening, driven by a decisive fiscal pivot, especially in Germany.

China’s Local Government Debt

By Stephen Jen | September 21, 2023

What is the role played by the local governments in China’s property eco-system, and how should investors think about the risks posed by China’s local governments as the property market weakens?

Video Shorts

“We don’t follow a research agenda, we believe an ‘always on’ writing and thinking culture is the right way to identify the big ideas that need to be explored”

Stephen Jen

CEO & Co-CIO

Eurizon SLJ Capital

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