from the Current

Bank of England

Squeezing the Balloon

Refining margins can matter just as much as crude oil prices. Fiona Zhang explains how crack spreads, tight fuel supplies and policy risks are shaping Phillips 66, Valero and the broader energy outlook.

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Mid-cap investment opportunities

Maybe the Best Part of the Market Is the Belly

With investors focused on mega-cap technology leaders and the potential for a small-cap resurgence, Greg Lai, CFA, examines the overlooked middle of the equity market. He explores how valuations, improving fundamentals and disciplined stock selection may reveal opportunities beyond the market’s most popular names.

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