Our Insights
Insights
Our work focuses on the financial & business services, energy, healthcare, TMT, and special situations sectors. Our analysts conduct regular deep-dive research to uncover differentiated investment ideas, following threads wherever they lead.
The Gathering Regulatory Storm for Visa and Mastercard
By: John Donnelly August 15, 2022 — The dominance of Visa Inc. (V) and Mastercard Inc. (MA) in traditional electronic payments—debit and credit...
The Case for a Midterm Election Surprise
By: David Barrosse, CEO of Capstone August 8, 2022 — As I have said many times, Capstone is in the prediction game. We make predictions about state...
The Looming Shift in Crypto Regulation
August 1, 2022 — Capstone expected 2022 to be a pivotal year for cryptocurrency regulation, and policymakers haven’t disappointed—though action and...
Navigating The Coming Distressed Debt Moment
By: Matthew Wiederrecht Nothing lasts forever—a sentiment the bond market is in the process of relearning as bond yields and borrowing costs start...
The Underappreciated Rise of EU Financial Services Price Regulation
By Sebastiaan Bierens July 18, 2022 — Price regulation in the EU financial services industry historically has been seen as a last resort. It has...
The Taming of FERC’s Ambitious Climate Goals
By Josh Price July 13, 2022 — On February 17, the Federal Energy Regulatory Commission (FERC) voted 3-2 along party lines to update the Commission’s...
The Looming State and Local Government Inflation Hangover
By Matt Wiederrecht The difference between good decision-making and bad luck for markets and policies often comes down to timing—a lesson we believe...
The Collision Course: Decarbonization Policy in an Energy Price Crisis
By Adam Cotterill Decarbonization was never going to be easy. In the last six months, Joe Biden and climate-focused US policymakers have been...
Inflation and the Italian Bank-Sovereign “Doom Loop”
By: Mathew Gilbert Central banks around the world are struggling to get the right balance between reigning in record levels of inflation and...
