Dcap House ViewDahlgren Capital Market House View: Summer 2026 The beginning of the end? Perhaps.So, Iran and the US are said to be close to some kind of “interim deal” – which is not a truce or even a deal, but a kind of MOU – an agreement to continue talking. It is not the end. Perhaps it’s the beginning … Read More

Dcap House ViewDahlgren Capital Market House View: May 2026 NACHO: Not A Chance Hormuz OpensIn our previous market reports we have been more pessimistic than the consensus both as regards the development of the Gulf War itself and about its economic repercussions. Unfortunately, it seems we were right. A month ago, optimism was on the rise as a “ceasefire” was … Read More

Dcap House ViewDahlgren Capital Market House View: April 2026 So we have a ceasefire in the Gulf. Chances have improved we are seeing the end of war. This is propelling a relief bounce on financial markets. But the truce is fragile as US and Israel have a different view of the truce than Iran. A ceasefire is not the same … Read More

Dcap House ViewDahlgren Capital Market House View: March 2026 Special Edition: What is happening in the Middle East?The American-Israeli attack on Iran and the violent response are creating new uncertainties in the global economy – on top of the mess already existing. Events are unfolding rapidly and we do not claim to be experts on Mid-Eastern politics. But some points … Read More

Dcap House ViewDahlgren Capital Market House View: February 2026 Global financial markets are in a flux. The macro background is fairly stable – albeit sluggish – in Europe, more uncertain in the US.  The US Federal Reserve may be in for an overhaul with its new boss. The geopolitical background is messy, with several outcomes regarding tariffs, military adventures and … Read More

Dcap House ViewDahlgren Capital Market House View: December 2025 Special edition: Where is America heading?Every month, Hans Sterte and I write a joint “House View” of where global economics and politics are heading. This month, however, will be a bit different. I (Klas) just came back from ten days in the US, meeting people from business, politics and academia. So … Read More

Dcap House ViewDahlgren Capital Market House View: November 2025 The economic outlook is as uncertain as ever, with fear creeping in to the stock market and the Supreme Court possibly preparing to strike down some of the American President’s tariffs. However, in Sweden the outlook is finally turning brighter. This will lead to a steepening of the yield curve and … Read More

Dcap House ViewDahlgren Capital Market House View: October 2025 This month, we would like to share three topics with you: The US equity boom, European sluggishness and a Swedish possible revival. The US stock market American stock markets are breaking records – despite tariffs and Government shutdown. Momentum is strong and the upward march may continue for a while longer, … Read More

Dcap House ViewDahlgren Capital Market House View: September 2025 Overall, our general view has stayed intact over summer. Unfortunately. The Ukraine war sees no end. The world is now clearly divided into spheres of influence with three strongmen – Xi, Putin and Trump – aiming to further strengthen their grip on power and increase their global influence. China has made … Read More

Dcap House ViewDahlgren Capital Market House View: Summer 2025 H1 dominated by TACO trades It has been a strange first half of 2025. Despite unprecedented American policy upheavals, US stocks – albeit after wild gyrations – are back to where they were. Bond yields have climbed a bit, but not too worryingly. Arguably, the only major financial development is a … Read More