Macro Signals
Inflation, interest rates, liquidity, currencies, central banks, and economic cycles.
Read the signals behind the market.
Explore PSI Capital's market notes, deep research, explainers, founder commentary, videos, and intelligence-led financial content.
Research categories.
Commodity Signals
Oil, gas, metals, agriculture, inventories, refinery activity, trade flows, and physical stress.
Geopolitical Signals
Wars, sanctions, elections, trade routes, maritime chokepoints, and policy shocks.
Market Signals
Valuations, sentiment, flows, earnings narratives, risk appetite, and portfolio context.
India Linkages
How global macro, commodity, energy, currency, and capital-flow shifts affect India.
PSI Explains
Clear, structured explainers for complex financial and macroeconomic themes.
Founder View
Arun Kejriwal's market commentary, essays, video notes, and high-conviction interpretation.
Featured intelligence.
Read PSI Capital notes on Substack and watch social-first video posts from the research desk.
Newsletter note
Substack
The Market Priced Peace. The Oil System Didn't.
A PSI Capital note on why market pricing can move faster than the physical oil system can adjust.
PSI CapitalSubstackEnergy systems
Read on Substack ->Newsletter note
Substack
The Talks Came Back. The System Still Didn't.
A short intelligence read on talks, supply confidence, and the parts of the system that still remain constrained.
PSI CapitalSubstackMarket structure
Read on Substack ->Newsletter note
Substack
The Market Is Still Counting Spare It Cannot Actually Use
A note on spare capacity, usable barrels, and the gap between headline comfort and operational reality.
PSI CapitalSubstackOil capacity
Read on Substack ->Newsletter note
Substack
Second Wave. Different Barrel.
A systems view of how the next oil shock can arrive through a different channel than the market expects.
PSI CapitalSubstackCommodity risk
Read on Substack ->Newsletter note
Substack
The Toll Booth at the Mouth of the World
A maritime and energy-market note on chokepoints, transit risk, and the cost of strategic geography.
PSI CapitalSubstackShipping
Read on Substack ->Newsletter note
Substack
The Invoice Has Left the Barrel
A market note on how oil risk can move from the barrel into the broader economic invoice.
PSI CapitalSubstackInflation
Read on Substack ->Newsletter note
Substack
Who Pays for $110-120 Oil?
A PSI Capital read on oil-price burden, demand pressure, and the market participants exposed to higher energy costs.
PSI CapitalSubstackOil price risk
Read on Substack ->
X Video
The Cobalt Supply Illusion
The macro consensus expected oversupply from battery chemistry shifts and record DRC output. PSI asks why the market is still starved: the mine is not the supply.
@psi_capX videoCobalt
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X Video
Gold Is Yours Until It Is Frozen
A short explainer on gold, custody, and the moment ownership stops being the same thing as access.
@psi_capX videoGold
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X Video
Hormuz Calm Is Not Normalization
Lower crude and a recent deal created calm, but shipping through Hormuz has not returned to pre-war levels and key inventories continue to draw.
@psi_capX videoHormuz
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X Video
A Chokepoint Became an Invoice
Iran built chokepoint authority. The escort plan collapsed, regional support faded, and the Persian Gulf Strait Authority kept operating.
@psi_capX videoChokepoint
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