Keith’s Substack

Impactfull Weekly #10 - 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…

Oct 15 • 

Keith Bortoluzzi

2

Sept-25 — US market entering bubble territory

Monthly Performance: +4.2% vs +2.8% (MSCI World, EUR) - YtD +22% vs 3,4% for the MSCI World (EUR) - 35,2% in USD terms.

Oct 10 • 

Keith Bortoluzzi

Impactfull Weekly #9 - 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…

Oct 8 • 

Keith Bortoluzzi

3

September 2025

Impactfull Weekly #8 - 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…

Sep 24 • 

Keith Bortoluzzi

2

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…

Sep 12 • 

Keith Bortoluzzi

4

August-25 — Staying ahead in a late-cycle rally

Strong positioning in selective themes keeps us 15% ahead of global markets.

Sep 4 • 

Keith Bortoluzzi

Impactfull Weekly #6 - Stablecoins: End of Visa/Mastercard hegemony?

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…

Sep 2 • 

Keith Bortoluzzi

2

August 2025

Impactfull Weekly #5 - Indian Families building Global Empires

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…

Aug 27 • 

Keith Bortoluzzi

1

Impactfull Weekly #4 - End of an Era for AI Infra?

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…

Aug 14 • 

Keith Bortoluzzi

3

#July-25 — Markets finally broaden out

Lower rates globally and de-escalating trade wars are propelling markets to new highs.

Aug 13 • 

Keith Bortoluzzi

2

July 2025

Impactfull Weekly #3 - Guochao, China’s consumer revolution

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…

Jul 30 • 

Keith Bortoluzzi

5

Impactfull Weekly #2 - German real estate flash green

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…

Jul 16 • 

Keith Bortoluzzi

2